Adjustment of advance tax requires removal of misclassified demands and corrective transfer entries after system abolition. The Board directs that amounts wrongly shown as awaiting adjustment of advance tax under Taxes on Income other than Corporation Tax be removed by requesting Accountants General to effect transfer entries; Commissioners and Additional Commissioners (Recovery) must ensure no demands are shown as awaiting such adjustment. The Board further notifies abolition of the adjustment system for Corporation Tax effective 1 April 1970 and requires urgent corrective action so misclassified demands are cleared before the next quarterly statement.
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Provisions expressly mentioned in the judgment/order text.
Adjustment of advance tax requires removal of misclassified demands and corrective transfer entries after system abolition.
The Board directs that amounts wrongly shown as awaiting adjustment of advance tax under Taxes on Income other than Corporation Tax be removed by requesting Accountants General to effect transfer entries; Commissioners and Additional Commissioners (Recovery) must ensure no demands are shown as awaiting such adjustment. The Board further notifies abolition of the adjustment system for Corporation Tax effective 1 April 1970 and requires urgent corrective action so misclassified demands are cleared before the next quarterly statement.
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