Enquiry into return for wrong period
26(1)In the case of a company tax return which it appears to the Inland Revenue—
(a)is or may be a return for the wrong period, or
(b)has become a return for the wrong period as a result of a direction under section 12(5A) of the Taxes Act 1988 (power of Board to direct which accounting date to be used where company carries on several trades),
the power to enquire into the return includes power to enquire into the period for which the return ought to have been made.
(2)A return is a “return for the wrong period” in the following cases.
(3)The first case is where the return is made for a period which is treated in the return as an accounting period, but which is not an accounting period of the company.
(4)The second case is where the return is made on the basis that there is no accounting period ending in or at the end of the specified period, but there is such an accounting period.
(5)In relation to a return for the wrong period the references to the filing date in paragraph 24(2) and (3) (period within which notice of enquiry may be given) are to the date that would be the filing date if the period for which the return was made were a period of the kind it is treated as in the return.
(6)In this paragraph “the specified period” means the period specified in the notice requiring a company tax return.