Related Commentary  

13(1)  Subject to sub-paragraph (2), section 14 does not apply to a company if–

(a)immediately before 15 March 1988 the company was non-UK resident, having ceased to be UK resident under a Treasury consent, and

(b)immediately before 1 April 2009 section 66(1) of FA 1988 did not apply to the company because of paragraph 1(1) of Schedule 7 to that Act (certain companies which ceased to be UK resident before 15 March 1988 in pursuance of a Treasury consent).

13(2)  If at any time a company falling within sub-paragraph (1)–

(a)ceases to carry on business,

(b)becomes UK resident, or

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