Part 14Change in company ownership
Chapter 6Recovery of unpaid corporation tax
Miscellaneous
718Meaning of “associated company”
(1)
This section has effect for the purposes of sections 713 and 714.
(2)
“Associated company”, in relation to Y and an assessment to tax, means a company (whenever formed) which, at the time of the assessment or at an earlier time after the change in the ownership of Y—
(a)
has control of Y,
(b)
is a company of which Y has control, or
(c)
is a company under the control of the same person or persons as Y.