Modifications etc. (not altering text)
C1Pt. 14 applied (1.4.2022 in relation to accounting periods beginning on or after that date) by Finance Act 2022 (c. 3), s. 51(1), Sch. 7 para. 20
C2Pt. 14 applied (with modifications) (14.7.2022) by Energy (Oil and Gas) Profits Levy Act 2022 (c. 40), Sch. 1 para. 18 (with ss. 15(1), 16(1), 17)
(1)This section applies if an officer of Revenue and Customs considers that—
(a)there has been a change in the ownership of a company (“X”),
(b)any corporation tax assessed on X for an accounting period beginning before the change remains unpaid at any time more than 6 months after it was assessed, and
(c)any of conditions A to C in section 711 (conditions relating to company's trade or business) is met.
(2)A person who is linked to X may be assessed by the officer and charged to an amount of corporation tax which does not exceed the amount remaining unpaid.
(3)A person assessed and charged under this section is to be assessed and charged in the name of X.
(4)An assessment under this section is not out of time if it is made within 3 years from the date of the final determination of the liability of X to corporation tax for the accounting period mentioned in subsection (1)(b).
Modifications etc. (not altering text)
C3S. 710 excluded by S.I. 2006/3296, reg. 23 (as inserted (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by The Taxation of Securitisation Companies (Amendment) Regulations 2018 (S.I. 2018/143), regs. 1(1), 9)