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Amendment and compliance check

Forums › ACCA Forums › ACCA TX Taxation Forums › Amendment and compliance check

  • This topic has 0 replies, 1 voice, and was last updated 1 year ago by Appolinew.
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  • February 28, 2024 at 3:43 pm #701378
    Appolinew
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    • Topics: 5
    • Replies: 3
    • ☆

    Hello, I have a question concerning the income tax administration. It is from ACCA study hub.
    For the tax year 2021-22, Willard filed a paper self-assessment tax return on 10 August 2022.
    What is the deadline for Willard to make an amendment to his tax return for the tax year 2021-22, and by what date will HM Revenue and Customs have to notify Willard if they intend to carry out a compliance check into this return?

    Amendment Compliance check
    A 10 August 2023 31 January 2024
    B 10 August 2023 10 August 2023
    C 31 January 2024 10 August 2023
    D 31 January 2024 31 January 2024

    The correct answer is C
    Explanation:
    Amendment – 31 January 2024. Willard can make an amendment within 12 months of the prescribed filing date.

    Compliance check – 10 August 2023. HMRC can initiate a compliance check within 12 months of the actual filing date.

    However, I understood from ACCA study hub that,
    “Individual taxpayers can amend their tax return at any time within the 12 months following the prescribed filing date”
    As Willard filed a paper tax return, shouldn’t it be 31/10/2023?
    Thank you very much.

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