Time-Limits for making an Assessment
The normal time-limit for making an assessment is the later of:-
- Two years after the end of the prescribed accounting period to which the assessment is intended to relate; or
- One year after evidence of facts, sufficient in the opinion of HMRC to justify the making of an assessment, comes to their knowledge
but, in any event, not later than three years after the end of the prescribed accounting period (Value Added Tax Act 1994, s. 73(6) and 77(1)).
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