Schedule 28 - Amendments to machinery of self-assessment
Finance Bill
11:30 am
Mr Howard Flight (Arundel and South Downs, Conservative)
I beg to move amendment No. 48, in page 249, line 20, at end insert—
`( ) Before 31st December 2001 the Board of Inland Revenue shall present to the Chancellor of the Exchequer proposals to bring the law governing the procedure on completion of enquiries into company tax returns into line with that which applies for income tax self-assessment purposes as a result of paragraphs 8 to 10 above.'
The amendment is in no way critical of the changes in schedule 28, which introduces several welcome improvements in the administration of self-assessment for individuals. It is a probing amendment designed to suggest that a similar process could be introduced for companies in respect of corporation tax self-assessment, and to counter the argument that making such changes would mean administrative upheaval. A half-way house and a review is proposed.