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(1)If the Inland Revenue do not give notice under this section to the person carrying on the trade, a change of accounting date is treated for the purposes of condition B in section 217 as made for commercial reasons.
(2)If the Inland Revenue do give notice under this section to the person carrying on the trade, a change of accounting date is treated for the purposes of condition B in section 217 as made for reasons which are not commercial.
(3)The notice must—
(a)state that the Inland Revenue are not satisfied that the change of accounting date is made for commercial reasons, and
(b)be given within the period of 60 days beginning with the date on which the notice under section 217(2) is received.
(4)A person to whom notice is given under this section may appeal against it within the period of 30 days beginning with the date on which it is given.
(5)On an appeal—
(a)if the Commissioners are satisfied that the change is made for commercial reasons, they may set aside the notice, and
(b)if they are not satisfied that the change is made for commercial reasons, they may confirm the notice.
(6)For the purposes of this section obtaining a tax advantage is not a commercial reason.
(7)Part 5 of TMA 1970 (appeals against assessments to tax), apart from section 50, applies in relation to an appeal under this section as it applies in relation to an appeal against an assessment to tax.
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