Attorney General’s Chambers
4th June, 2014
(5) Where notice of any assessment has been served on a taxpayer under subsection (3), the Authority may, if it appears to it that–– (a) the assessment was made on the basis of inaccurate or incomplete information; or (b) there has been a variation in the amount of the tax payment assessed by virtue of that assessment, make a fresh assessment under subsection (1) so as to have effect for the purposes of this Ordinance instead of the original assessment, on and from the date specified in the notice, to be served on the taxpayer under subsection (3), as having effect by virtue of this subsection, as the date on and from which the new assessment shall have effect, without prejudice to the power of the Authority to make a further assessment by virtue of this subsection; and subsection (3) shall have effect in relation to an assessment by virtue of this subsection as it has effect in relation to an original assessment under subsection (1). (6) The Authority may, by notice served on a taxpayer, cancel an assessment under this section with effect on and after the date specified in the notice
Powers of Authority to obtain information 20. (1) The Authority may for the purpose of ascertaining whether or not any of the provisions of this Ordinance are being complied with and, in particular, for the purpose of ascertaining whether or not the proper amount of tax is being paid by a taxpayer, by notice in writing, require the taxpayer or any person (whether or not liable to pay tax under this Ordinance)–– (a) who carries on business in the Islands or who employs another person in the Islands, to furnish it with such information, and within such time, as may be specified in the notice, to assist it in the exercise of its powers of assessment under section 10 and 19; (b) to produce or furnish any documents of accounts, books, other records or computer in the control of such taxpayer or person, that the Authority may require him to produce; (c) on giving twenty-four hours notice of its intention to do so, authorise a member of its staff in writing to enter the place of business of a taxpayer or other person or where documents of accounts, books or records are kept, to inspect any documents of accounts, books or other records that
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