http://www.legislation.gov.uk/ukpga/2010/4/section/1159Corporation Tax Act 2010An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.texttext/xmlenStatute Law Database2026-05-20Expert Participation2026-03-18 Corporation Tax Act 2010s. 658(1)(d)(e)Finance Act 2010Sch. 6 para. 31Sch. 6 para. 35Corporation Tax Act 2010s. 357CHAFinance Act 2024Sch. 2 para. 14(7)Sch. 2 para. 16(2) Part 24Chapter 411591The Treasury may by regulations make provision about the approval of a company for an accounting period for the purposes of section 1158(1)(b), including provision about—aapplications for approval,bthe determination of applications for approval,crequirements to be met by the company while approved,dthe withdrawal of approval by notice, orethe consequences of the withdrawal of approval.2The regulations may, in particular—ainclude provision under which an application for approval—iis to be made by reference to the accounting period in which the application is made or such earlier or later accounting period as may be specified in the application, andiiis to constitute an application for approval for that and all subsequent accounting periods,bspecify the form and content of, and information to accompany, an application,cpermit or require the Commissioners to grant or refuse an application where conditions specified in the regulations are met (or appear to the Commissioners to be met) in relation to the company,dpermit or require the Commissioners to withdraw approval where—iconditions specified in the regulations are met (or appear to the Commissioners to be met) in relation to the company, oriithe company has failed to comply with requirements imposed by the regulations,einclude provision prohibiting a company from which approval has been withdrawn from reapplying, orfinclude provision under which approval may or must be withdrawn in relation to an accounting period that ends before the notice withdrawing approval is given.3Regulations under this section—amay make different provision for different cases or purposes, andbmay make incidental, consequential, supplementary or transitional provision.4A statutory instrument containing the first regulations under this section may not be made unless a draft of the instrument has been laid before and approved by a resolution of the House of Commons.5Any other statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of the House of Commons.6 In this section “ the Commissioners ” means the Commissioners for Her Majesty's Revenue and Customs. S. 1159 substituted (with effect in accordance with s. 49(6) of the amending Act) by Finance Act 2011 (c. 11), s. 49(3); S.I. 2011/2977, art. 2