Taxes Consolidation Act 1997 section 111AAT

Assessments and enquiries

Section 111AAT applies certain self-assessment and assessing provisions from Part 41A of the Taxes Consolidation Act 1997 to GloBE tax, with the necessary modifications to align the existing terminology with GloBE concepts.

• Ten specified sections of Part 41A (sections 959V, 959Y, 959Z, 959AA, 959AC, 959AD, 959AE, 959AU, 959AV and 959AW) apply to GloBE tax, covering areas such as assessments, self-assessments and related procedures.
• Key terms in those sections are read more broadly: "chargeable person" includes qualifying entities, relevant UTPR entities and relevant parent entities; "chargeable period" includes a fiscal year; and "tax" includes GloBE tax.
• References to income, profits or gains (including chargeable gains) are extended to cover amounts subject to GloBE tax, and references to returns and specified return dates are read as including GloBE returns and the GloBE specified return date.
• References to assessments, Revenue assessments and self-assessments take on their GloBE meanings, references to "the Acts" include this Part, and the cross-reference in section 959V(5) to section 959L is extended to include section 111AAR.