SCHEDULES

SCHEDULE 36Information and inspection powers

Part 6Special cases

36Change of ownership of companies

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 section 767A or 767AA of ICTA.

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

Section 769 of ICTA applies for the purposes of determining when there has been a change in the ownership of a company.