Part 14

Change in company ownership
Chapter 6

Recovery of unpaid corporation tax

Recovery of unpaid corporation tax for accounting period ending on or after change

Recovery of unpaid corporation tax for accounting period ending on or after change
713
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 (“Y”),
b
any corporation tax has been assessed on Y or an associated company for an accounting period ending on or after the change,
c
that tax remains unpaid at any time more than 6 months after it was assessed, and
d
the condition in section 714 (the expectation condition) is met.
2
A person who is linked to Y 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 the company (“T”) by which the tax remains unpaid.
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 T to corporation tax for the accounting period mentioned in subsection (1)(b).
5
For the meaning of “associated company”, see section 718.
S. 713 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)