SVM24070 - Share Valuation Manual: Self Assessment

Corporation Tax Self Assessment (CTSA)

Code of Practice (COP)

All enquiries into CTSA returns (except those made by Special Compliance Office, who have their own COP) must be carried out in accordance with the Code of Practice, the essential text of which is reproduced at Appendix B. The COP is brought to the attention of the company when an enquiry is opened.

Clearly the Code primarily seeks to set out the actions the Inspector may be expected to take. However, as our negotiations of value in a CTSA case will form part of the enquiry opened by the Inspector we need to keep within the COP. If any departure from the Code seems necessary, you should consult Information Support who will consult the tax district and Compliance Division (Strategy and Research) as necessary.