Income and Corporation Taxes Act 1988

Notice of manner of apportionment

14 (1) Where notice has been served on a company under paragraph 13 above showing an amount to be apportioned, the inspector shall serve on the company a notice showing the manner in which that amount is apportioned, (that is to say, the sum apportioned or sub-apportioned to each participator or, if the inspector thinks fit, to each class of share) and, subject to any appeal under this paragraph and to paragraph 15 below, that notice shall be treated, in relation to the company, as conclusively establishing the manner of apportionment.

(2) Paragraph 13(2) to (5) and (7) above shall apply also to a notice under this paragraph, but any appeal against such a notice by virtue of this sub-paragraph shall be to the Special Commissioners.

(3) The manner of apportionment shown in a notice under this paragraph may also be questioned on an appeal against any assessment made under section 426; and any relevant decision taken by the inspector under section 425(2) or (3) may be reviewed on an appeal under this paragraph or on an appeal against any such assessment.