PAGE 104(OT NOTES) SIR I M NOT UNDERSTANDING IT .. PLZ HELP ME c) A discovery assessment can only be made if: HMRC could not reasonably be expected to have been aware of a loss of tax and are supplied with information to draw their attention to a contentious matter such as the use of a valuation or estimate.
This is such a small issue it really is not worth your concern if you do not understand the form of words used – you should focus on the core computational aspects of each of the taxes – it is those core issues that will decide whether you pass or fail!