The Treasury was able to give its consent in relation to a particular transaction or company, or in general terms so as to cover a class of transaction or a class of company (former ICTA 1988, s. 765(4)(a), repealed by FA 2009, Sch. 17). Any consent must have been either absolute or conditional and in the case of a general consent it could be revoked by the Treasury (former ICTA 1988, s. 765(4)(b), (c)). The Treasury had to take the necessary steps as to publication so that those who were entitled to the benefit of any consent had an opportunity to know about it (ICTA 1988, s. 765(4)(d)).

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