HMRC ENQUIRIES: PRESUMPTION OF CONTINUITY

HMRC ENQUIRIES: PRESUMPTION OF CONTINUITY

An article by Mark McLaughlin The presumption of continuity is a practice sometimes used by HM Revenue & Customs (HMRC) in tax enquiries. It is normally applied in the context of business profits. In broad terms, if an adjustment is required for the year of enquiry which results in an increase in taxable income, the. Read more

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