In addition to the duty to notify detailed in ¶181-000, a further obligation to notify chargeability was introduced in 2004. It applies to accounting periods which begin on or after 22 July 2004 ( FA 2004, s. 55 ). This extra obligation requires a company (but not an unincorporated association or partnership, see below) to notify HMRC in writing whenever it comes within the charge to corporation tax by virtue of either:

its first accounting period beginning (whether as, for example, a newly-formed company commencing business, or as a non-resident starting a UK permanent establishment); or

an accounting period beginning when one has not just ended

( FA 2004, s. 55(1) )

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