Section 249: Receipt notices
511.This section says when an officer of Revenue and Customs may give a company a receipt notice. It is based on section 26(1) of F(No 2)A 2005.
512.Briefly, the officer may give a UK resident company a receipt notice if the officer considers, on reasonable grounds, that the “receipt scheme conditions” are or may be met in relation to the company.
513.Section 26(1) of F(No 2)A 2005 gives this function to the Commissioners for HMRC. In practice, the Commissioners delegate this function to officers of Revenue and Customs, and subsection (1) reflects this. See Change 2 in Annex 1.
514.Because Change 2 is made in section 249, it is also made in sections 252, 255 and 256.
515.Subsection (2) defines a “receipt notice” and “the receipt scheme conditions”.