.png)
.png)
16 October 2000
Upon receipt of the final CTA1 for 1998-99 and, if appropriate, 1999-2000 a member should submit a taxpayer amendment to his or her tax office. In order to be accepted, the amendment must meet the following requirements:
(i) for 1998-99 the amendment must be filed by 31 January 2001;
(ii) for 1999-2000 the amendment must be filed by 31 January 2002;
(i) for 1998-99 the amendment must be filed by 31 January 2001;
(ii) for 1999-2000 the amendment must be filed by 31 January 2002;
Upon receipt of the final CTA1 for 1998-99 and, if appropriate, 1999-2000 a member should submit a taxpayer amendment to his or her tax office. In order to be accepted, the amendment must meet the following requirements:
(i) for 1998-99 the amendment must be filed by 31 January 2001;
(ii) for 1999-2000 the amendment must be filed by 31 January 2002;
(iii) the amendment must be in writing. There is no special form, and the Inland Revenue has said that any one of the following is acceptable: a letter, amended self-assessment pages and tax calculation; a complete return; or a revised Electronic Lodgement Service filing. It is not necessary for the amendment to be signed by the member provided the Inland Revenue is satisfied the agent is authorised to file the amendment;
(iv) the amendment should show the tax effect of the amended figures.
If, in exceptional circumstances, a member is not subject to an Inland Revenue enquiry notice for 1997-98 then it is not now possible to file a taxpayer amendment for that year. If a member has overpaid tax because the underwriting profit differs from that originally returned, then a claim under section 33 (error or mistake relief claim) may be competent and should be made. If, however, the final underwriting result increases the amount of tax due, the Inland Revenue requests that the member should still notify the tax office of the further liability without unreasonable delay.
(i) for 1998-99 the amendment must be filed by 31 January 2001;
(ii) for 1999-2000 the amendment must be filed by 31 January 2002;
(iii) the amendment must be in writing. There is no special form, and the Inland Revenue has said that any one of the following is acceptable: a letter, amended self-assessment pages and tax calculation; a complete return; or a revised Electronic Lodgement Service filing. It is not necessary for the amendment to be signed by the member provided the Inland Revenue is satisfied the agent is authorised to file the amendment;
(iv) the amendment should show the tax effect of the amended figures.
If, in exceptional circumstances, a member is not subject to an Inland Revenue enquiry notice for 1997-98 then it is not now possible to file a taxpayer amendment for that year. If a member has overpaid tax because the underwriting profit differs from that originally returned, then a claim under section 33 (error or mistake relief claim) may be competent and should be made. If, however, the final underwriting result increases the amount of tax due, the Inland Revenue requests that the member should still notify the tax office of the further liability without unreasonable delay.
