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Alan Kennedy, Senior Manager, KPMG's Tax Investigations practice, discusses the guidance on finality for taxpayers issued by the Revenue following the Veltema case

 
Alan Kennedy Senior Manager KPMG's Tax Investigations practice discusses the guidance on finality for taxpayers issued by the Revenue following the Veltema case
 
This article summarises and comments on the guidance issued by the Revenue on 23 December 2004 for taxpayers and advisers on how to reduce the scope for discovery assessments being made by inspectors after the enquiry window for a tax return has closed (see page 2 of The Tax Journal 10 January 2005 Issue 771).
 
Although the guidance refers specifically to income tax returns and the discovery legislation at Taxes Management Act 1970 s 29 it...

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