Modifications etc. (not altering text)
C1Pt. 6 excluded by 2010 c. 4, s. 938N (as inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 5 para. 2)
C2Pt. 6 excluded by 2010 c. 4, s. 938V(c) (as inserted (with effect in accordance with Sch. 20 para. 6 of the amending Act) by Finance Act 2013 (c. 29), Sch. 20 para. 3)
(1)This Part provides for the service on companies of two kinds of notice, as a result of which they must calculate or recalculate their income or chargeable gains or liability to corporation tax less advantageously.
(2)Sections 232 to 248 deal with the first kind of notice (“deduction notices”).
(3)In particular—
(a)see sections 232 to 235 for provisions about the service of deduction notices,
(b)see sections 236 to 242 for the kinds of schemes (“deduction schemes”) involved, and
(c)see sections 243 to 248 for the consequences of such notices.
(4)Sections 249 to 254 deal with the second kind of notice (“receipt notices”).
(5)In particular—
(a)see sections 249 to 253 for provisions about the service of receipt notices, and
(b)see section 254 for their consequences.
(6)Sections 255 to 257 contain general provisions about both kinds of notice.
(7)For the meaning of “scheme” etc, see section 258 (schemes and series of transactions).
[F1(8)This Part has effect subject to [F2sections 938N and 938V of CTA 2010 (this Part treated as of no effect for the purposes of Parts 21B and 21BA of CTA 2010 (group mismatch and tax mismatch schemes)). ]]
Textual Amendments
F1S. 231(8) inserted (with effect in accordance with Sch. 5 para. 6 of the amending Act) by Finance Act 2011 (c. 11), Sch. 5 para. 5(2)
F2Words in s. 231(8) substituted (with effect in accordance with Sch. 20 para. 6(1) of the amending Act) by Finance Act 2013 (c. 29), Sch. 20 para. 5