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Chapter CG16612

Document Cited in Related
Vincent
Published date12 March 2016
Record NumberCG16612
CourtHM Revenue & Customs

If a valuation has been agreed, you should check that the agreed valuation has been used in the Return. Any technical issues relating to the form of the computation, even where they demonstrate that the agreed valuation is no longer needed, will require a formal intervention.

We will consider ourselves bound by any prior agreement to a valuation unless there are any material issues that were not brought to our attention that affect the basis on which agreement has been reached.

We do not consider ourselves bound to accept a computation merely because it has previously been submitted as part of a post transaction valuation check.

Agreement to a valuation by the use of this service will normally lead to the use of that valuation in the Return. But agreement does not bind the customer to using that valuation. In rare cases they may discover that a relevant fact has been overlooked or feel on reflection that agreement was inappropriate. If an agreed valuation is not followed in making a Return we would expect a note drawing our attention to the change of view. You should then follow the relevant valuation guidance to check the new valuation.

If any valuations have not yet been agreed you will need to find out from Shares and...

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