Point in time view as at 01/07/2012.
Corporation Tax Act 2010, Section 1030B is up to date with all changes known to be in force on or before 13 June 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)Where this section applies, a distribution made by a company is to be treated for the purposes of the Corporation Tax Acts as if section 1030A(3) had never applied to it.
(2)This section applies where 2 years have passed since the making of the distribution and—
(a)the company has not been dissolved during that time, or
(b)the company has failed—
(i)to secure, so far as is reasonably practicable, the payment of all sums due to the company, or
(ii)to satisfy all of its debts and liabilities.
(3)In a case where this section applies, all such adjustments as are required in order to give effect to subsection (1) are to be made, whether by the making of assessments or otherwise.]
Textual Amendments
F1 Ss. 1030A, 1030B and cross-heading inserted (with effect in accordance with art. 18 of the amending S.I.) by The Enactment of Extra-Statutory Concessions Order 2012 (S.I. 2012/266), arts. 1, 16(3)
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