Why is the Corporation Tax Self Assessment (CTSA) closure process changing?
The current process for making amendments at the end of an Enquiry into a company tax return takes an unnecessarily long time. This causes unnecessary costs for companies and for HMRC. In future the closure notice at the end of an Enquiry will set out the amendments which need to be made to a company’s CTSA return, and make these amendments. As now, if the company disagrees, it can appeal against the amendments. In short, CTSA will be aligned with the change made to ITSA years ago. This change will take effect from 1 April 2010.
