Taxes Consolidation Act 1997 section 955

Amendment of and time limit for assessments

Section 955 dealt with the amendment of assessments by an inspector and established time limits within which assessments could be made or amended. This section was deleted by Finance Act 2012, section 129(2).

• An inspector could amend an assessment at any time, subject to a general four-year time limit running from the end of the chargeable period in which the return was delivered, provided the return contained a full and true disclosure of all material facts.
• Where a return did not contain a full and true disclosure, there was no time limit on the making or amendment of an assessment; several other listed exceptions also disapplied the four-year limit.
• A chargeable person could appeal to the Appeal Commissioners against an assessment or amendment on the grounds that the inspector was precluded from acting by the four-year rule.
• A chargeable person who expressed a genuine doubt about a matter in the return, and drew the inspector's attention to it, was treated as having made a full and true disclosure of that matter.