SCHEDULES

SCHEDULE 36Information and inspection powers

Part 6Special cases

Change of ownership of companies

36

(1)

Sub-paragraph (2) applies where it appears to the Commissioners that—

(a)

there has been a change in the ownership of a company, and

(b)

in connection with that change a person (“the seller”) may be or become liable to be assessed and charged to corporation tax under F1section 710 or 713 of CTA 2010.

(2)

Paragraph 21 (restrictions on giving taxpayer notice where taxpayer has made tax return) does not apply in relation to a taxpayer notice given to the seller.

(3)

F2Chapter 7 of Part 14 of CTA 2010 applies for the purposes of determining when there has been a change in the ownership of a company.