Notice u/s.133(6)

This discussion addresses a Section 133(6) notice concerning the short reporting of interest income tax. The user discovered an under-reporting of £700,000 and is seeking advice on whether to pay the tax along with their reply or wait for a demand notice from the authorities. The consensus is to pay the tax and interest (calculated at 1% per month) with the reply, as any further discrepancies will be handled by the CPC later.