Why is the closure process at the end of a Corporation Tax Self Assessment (CTSA) enquiry changing?
The previous process for making amendments at the end of an enquiry into a company tax return took a long time. This caused unnecessary costs for companies and for HMRC. Now the closure notice at the end of an enquiry sets out the amendments which need to be made to a company’s CTSA return, and makes these amendments. If the company disagrees it can appeal against the amendments. In short, CTSA has been more closely aligned with the change made to ITSA (Income Tax Self Assessment) some years ago.
