Related Commentary  Related HMRC Manuals

710(1)  This section applies if an officer of Revenue and Customs considers that–

(a)there has been a change in the ownership of a company (“X”),

(b)any corporation tax assessed on X for an accounting period beginning before the change remains unpaid at any time more than 6 months after it was assessed, and

(c)any of conditions A to C in section 711 (conditions relating to company's trade or business) is met.

710(2)  A person who is linked to X may be assessed by the officer and charged to an amount of corporation tax which does not exceed the amount remaining unpaid.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.