Related Commentary  Related HMRC Manuals

713(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 (“Y”),

(b)any corporation tax has been assessed on Y or an associated company for an accounting period ending on or after the change,

(c)that tax remains unpaid at any time more than 6 months after it was assessed, and

(d)the condition in section 714 (the expectation condition) is met.

713(2)  A person who is linked to Y may be assessed by the officer and charged to an amount of corporation tax which does not exceed the amount remaining unpaid.

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