Related Commentary  Related HMRC Manuals

240(1)  Subsection (2) applies if it appears to an officer of Revenue and Customs that–

(a)a determination is needed of an amount that is to be brought into account as a receipt under this Chapter in calculating the liability to tax of a person (“the first taxpayer”), and

(b)the determination may affect the liability to corporation tax, income tax or capital gains tax of other persons.

240(2)  The officer may give notice (a “provisional notice of determination”) to the first taxpayer and the other persons of–

(a)the determination the officer proposes to make, and

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