§ 53 — Objections

53.—(1) If a chargeable entity disputes an assessment of MTT or DTT payable by it for a financial year, the chargeable entity may (whether by itself or another entity authorised by it) apply to the Comptroller, by a written notice of objection, to review and to revise the assessment made upon the chargeable entity.(2) Where the assessment is one that amends a previous assessment in any particular, an objection to it may only be made against the amendment in respect of, or matters relating to, that particular.

(3) An application must state precisely the grounds of the chargeable entity’s objections to the assessment and must be made within 2 months from the service of the notice of assessment, or such later time as the Comptroller may allow.

(4) The Comptroller upon being satisfied that, owing to any reasonable cause, the chargeable entity disputing the assessment was prevented from making the application within the period in subsection (3), must extend the period as may be reasonable in the circumstances.

(5) On receipt of the notice of objection, the Comptroller may —(a)

require the chargeable entity objecting to the assessment to furnish such information as the Comptroller may consider necessary for the computation of the MTT or DTT payable by the chargeable entity, and to produce all books or other documents in the chargeable entity’s custody or under the chargeable entity’s control relating to such information; and

(b)

summon any entity that the Comptroller thinks is able to give evidence respecting the assessment to attend before the Comptroller, and may examine that person on oath or otherwise.

(6) In the event the chargeable entity that has objected to an assessment made upon it agrees with the Comptroller as to a revised amount of MTT or DTT payable by it, the assessment must be amended accordingly, and a notice of the revised assessment must be served upon it.

(7) In the event the chargeable entity that has objected to an assessment made upon it fails to agree with the Comptroller as to the amount of MTT or DTT payable by it, the following apply:(a)

the Comptroller must give the chargeable entity a notice of refusal to amend the assessment;

(b)

the Comptroller may revise the assessment to such amount as the Comptroller may determine, according to the best of his or her judgment, and in that event the Comptroller must give to the chargeable entity a notice of the revised assessment and of the MTT or DTT payable, together with the notice of refusal to amend the assessment.

—(1) If a chargeable entity disputes an assessment of MTT or DTT payable by it for a financial year, the chargeable entity may (whether by itself or another entity authorised by it) apply to the Comptroller, by a written notice of objection, to review and to revise the assessment made upon the chargeable entity.

(2) Where the assessment is one that amends a previous assessment in any particular, an objection to it may only be made against the amendment in respect of, or matters relating to, that particular.

(3) An application must state precisely the grounds of the chargeable entity’s objections to the assessment and must be made within 2 months from the service of the notice of assessment, or such later time as the Comptroller may allow.

(4) The Comptroller upon being satisfied that, owing to any reasonable cause, the chargeable entity disputing the assessment was prevented from making the application within the period in subsection (3), must extend the period as may be reasonable in the circumstances.

(5) On receipt of the notice of objection, the Comptroller may —(a)

require the chargeable entity objecting to the assessment to furnish such information as the Comptroller may consider necessary for the computation of the MTT or DTT payable by the chargeable entity, and to produce all books or other documents in the chargeable entity’s custody or under the chargeable entity’s control relating to such information; and

(b)

summon any entity that the Comptroller thinks is able to give evidence respecting the assessment to attend before the Comptroller, and may examine that person on oath or otherwise.

(6) In the event the chargeable entity that has objected to an assessment made upon it agrees with the Comptroller as to a revised amount of MTT or DTT payable by it, the assessment must be amended accordingly, and a notice of the revised assessment must be served upon it.

(7) In the event the chargeable entity that has objected to an assessment made upon it fails to agree with the Comptroller as to the amount of MTT or DTT payable by it, the following apply:(a)

the Comptroller must give the chargeable entity a notice of refusal to amend the assessment;

(b)

the Comptroller may revise the assessment to such amount as the Comptroller may determine, according to the best of his or her judgment, and in that event the Comptroller must give to the chargeable entity a notice of the revised assessment and of the MTT or DTT payable, together with the notice of refusal to amend the assessment.