According to the Taxes Management Act 1970, how long can tax assessments be made after the end of the relevant period?

The correct answer is based on the provisions set forth in the Taxes Management Act 1970 regarding the timeframe for making tax assessments after the end of the relevant period. Under this legislation, tax assessments can generally be raised up to six years after the end of the tax year in question. This timeframe allows the tax authorities to revisit the tax records and ensure that all income and deductions have been accounted for accurately, providing a reasonable period for audits and adjustments to be made.

This six-year window is designed to balance the need for thoroughness in tax administration with the interests of taxpayers by preventing indefinite scrutinization of their tax affairs, thereby offering some degree of certainty regarding past tax obligations.