SCHEDULE 18 Company tax returns, assessments and related matters
Part X Special provisions
Choice between different Cases of Schedule D
84
F1(1)
This paragraph applies where amounts may be brought into charge to tax either—
(a)
in computing profits chargeable to tax under Case I of Schedule D, or
(b)
as amounts within Case III or V of that Schedule.
(4)
Where this paragraph applies, F2an officer of Revenue and Customs may by notice require a company—
(a)
to produce to F3him such documents in the company’s power or possession, and
(b)
to provide F3him with such information, in such form,
as F3he may reasonably require for the purpose of determining which basis of charge is to be used for an accounting period.
The provisions of paragraphs 27 to 29 (notice to produce documents, etc. for purposes of enquiry: supplementary provisions and penalty) apply in relation to such a notice.
(5)
A determination by F2an officer of Revenue and Customs under this paragraph is final and conclusive as to the basis of charge to be used for the accounting period concerned.