Taxes Consolidation Act 1997 section 919

Assessments to corporation tax

Section 919, which was deleted by Finance Act 2012 section 129(2), set out the rules governing how assessments to corporation tax were made by inspectors of taxes, including time limits and the treatment of fraud or neglect.

• All corporation tax assessments were made by an inspector, on the company itself if resident, or on its agent or manager if non-resident.
• Where a company failed to file a statement, or the inspector was not satisfied with a statement, the inspector was required to assess the company to the best of his or her judgement.
• No assessment could generally be made more than 4 years after the end of the accounting period, except in cases of fraud or neglect, where no time limit applied.
• An assessment for an accounting period after a winding-up had commenced remained valid even if made before the end of that period.