Publisher's Synopsis
Designed to help tax practitioners understand how self-assessment works, this work provides an overview of the subject, and details of the relevant provisions. This edition provides coverage of the new provisions introduced by the Finance Act 1996, including the important provisions relating to retention of records. These new provisions extend the rules for keeping records to enable returns to be completed, and claims to be made, under self-assessment. The provisions ensure that vouchers or other documentary evidence that show that domestic of foreign tax has been suffered have to be kept in their original form. Examples of vouchers to which the provisions apply are dividend or interest certificates and vouchers issued under a sub-contractor's scheme. It will not be sufficient for these sorts of vouchers to be copies or for the information to be recorded elsewhere.
