Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

46G: adjust to fit

14 November 2001 / Robin Beadle , Andrew Gotch
Issue: 3833 / Categories: Forum & Feedback , IR35
In the 'Loose Ends' of Taxation, 25 October 2001, Nick Lloyd mentioned the new bureaucracy brought about by the Inland Revenue requirement to make returns under section 16, Taxes Management Act 1970.

We have already had to complete these returns on form 46G for one of our clients for the year to 5 April 2001 and readers may be interested to learn that by negotiation with the Revenue it is possible to arrange for the returns to be made to have a coterminous year-end to tally with the individual taxpayer's accounts. This has the obvious advantage in that you only need to call for the books and records to enable you to complete the section 16 Taxes Management Act 1970 return once a year and as the Inspector is willing to accept the information in the form of an Excel spreadsheet this additional breakdown of information should be readily available when completing the annual accounts.

Our own discussions with Taxes Information Distribution Office have led us to believe not only that the primary target is to the...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon