Search Legislation

Finance Act 2016

 Help about what version

What Version

  • Latest available (Revised)
  • Original (As enacted)
 Help about advanced features

Advanced Features

 Help about opening options

Opening OptionsExpand opening options

Changes over time for: Cross Heading: Circumstances in which warning and special measures notices are treated as having been given

 Help about opening options

Alternative versions:

Changes to legislation:

Finance Act 2016, Cross Heading: Circumstances in which warning and special measures notices are treated as having been given is up to date with all changes known to be in force on or before 07 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. Help about Changes to Legislation

Circumstances in which warning and special measures notices are treated as having been givenU.K.

46(1)Sub-paragraphs (2) and (3) apply where—U.K.

(a)a relevant body (“B1”) is given a warning notice, and

(b)before the notice ceases to have effect, B1 becomes a member of a group headed by another relevant body ( “ H1 ”).

(2)H1 is to be treated as having been given a warning notice on the day on which the warning notice was given to B1.

(3)A warning notice treated as given under sub-paragraph (2) is valid whether or not, on the day mentioned in that sub-paragraph, H1 was the head of a qualifying UK group that fell within this Part.

(4)Sub-paragraphs (5) to (7) apply where—

(a)a relevant body (“B2”) is given a special measures notice, and

(b)before the notice ceases to have effect, B2 becomes a member of a group headed by another relevant body ( “ H2 ”).

(5)H2 is to be treated as having been given a special measures notice on the day on which the special measures notice was given to B2.

(6)A special measures notice treated as given under sub-paragraph (5) is valid whether or not, on the day mentioned in that sub-paragraph, H2 was the head of a qualifying UK group that fell within this Part.

(7)Paragraph 47(1) does not by virtue of sub-paragraphs (5) and (6) of this paragraph apply to an inaccuracy in a document given to HMRC by or on behalf of a person—

(a)at a time when the person was a member of a group headed by H2, but

(b)before the day B2 becomes a member of H2.

(8)Sub-paragraphs (9) and (10) apply where—

(a)a relevant body (“B3”) is given a confirmation notice, and

(b)before the notice ceases to have effect, B3 becomes a member of a group headed by another relevant body ( “ H3 ”).

(9)H3 is to be treated as having been given a confirmation notice on the day on which the confirmation notice was given to B3.

(10)A confirmation notice treated as given under sub-paragraph (9) is valid whether or not, on the day mentioned in that sub-paragraph, H3 was the head of a qualifying UK group that fell within this Part.

(11)The Treasury may by regulations make provision for warning notices, special measures notices and confirmation notices to be treated as having been given to relevant bodies in other circumstances described in the regulations.

(12)Regulations under this paragraph may, in particular—

(a)make provision about the validity of notices treated as given by virtue of the regulations;

(b)make provision about the effect of paragraph 47(1) in cases involving such notices.

Back to top

Options/Help

You have chosen to open The Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open The Whole Act as a PDF

The Whole Act you have selected contains over 200 provisions and might take some time to download.

Would you like to continue?

You have chosen to open the Whole Act

The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open the Whole Act without Schedules

The Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?

You have chosen to open Schedules only

The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.

Would you like to continue?