PART 3TAX RETURNS, ENQUIRIES AND ASSESSMENTS

CHAPTER 6WRA ASSESSMENTS

Assessment of loss of tax or of excessive repayment

54Assessment where loss of tax

If WRA comes to the view that—

(a)

an amount of F1WRA-collected tax that ought to have been assessed as F1WRA-collected tax chargeable on a person has not been assessed,

(b)

an assessment of the F1WRA-collected tax chargeable on a person is or has become insufficient, or

(c)

relief in respect of a F1WRA-collected tax has been claimed or given that is or has become excessive,

WRA may make an assessment of the amount or further amount that ought in its opinion to be charged in order to make good the loss of F1WRA-collected tax.