Part 14

Change in company ownership
Chapter 6

Recovery of unpaid corporation tax

Recovery of unpaid corporation tax for accounting period beginning before change

Recovery of unpaid corporation tax for accounting period beginning before change
710
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).
S. 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)
Pt. 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
Pt. 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)