- Latest available (Revised)
- Point in Time (22/02/2024)
- Original (As enacted)
Point in time view as at 22/02/2024.
There are currently no known outstanding effects for the Finance Act 2020, Paragraph 10.
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
10(1)HMRC must withdraw a joint liability notice given to an individual, by giving a further notice to the individual, if—U.K.
(a)any of the relevant conditions were not met when the joint liability notice was given, or
(b)it is not necessary for the protection of the revenue for the notice to continue to have effect.
(2)In this Schedule “relevant conditions” means—
(a)conditions A to E in paragraph 2, in the case of a notice under paragraph 2(1);
(b)conditions A to D in paragraph 3, in the case of a notice under paragraph 3(1);
(c)conditions A to D in paragraph 5, in the case of a notice under paragraph 5(1).
(3)HMRC must withdraw a notice given to an individual under paragraph 3(1), by giving a further notice to the individual, if—
(a)at least one of the old companies (see paragraph 3(3)) is a company that—
(i)became subject to an insolvency procedure on the basis that it was being wound up by way of a members' voluntary winding up, and
(ii)pays its debts in full, together with interest at the official rate, after the end of the period of 12 months beginning with the day on which the members' voluntary winding up commenced but before the end of that winding up, and
(b)condition A in paragraph 3 would not have been met if that company, or each of them (if more than one), had not been subject to an insolvency procedure.
(4)For the purposes of sub-paragraph (3)(a)(ii), the end of a members' voluntary winding up of a company happens when—
(a)the company is dissolved in pursuance of the members' voluntary winding up, or
(b)the members' voluntary winding up becomes a creditors' voluntary winding up.
(5)HMRC may withdraw a notice given to an individual under this Schedule, by giving a further notice to the individual, if they think it appropriate to do so even though sub-paragraph (1) or (3) does not apply.
(6)Where an individual has been given a joint liability notice, HMRC may by further notice to the individual vary an amount specified—
(a)under paragraph 2(9)(a) or (10), paragraph 3(11)(c) or paragraph 5(8)(a) or (9), or
(b)under this sub-paragraph,
if it seems to them that the amount so specified is, or has become, too much or not enough.
(7)Subject to sub-paragraph (8), a joint liability notice that is withdrawn under this paragraph is of no effect.
(8)Where a joint liability notice is withdrawn under sub-paragraph (1)(b) or (3), the withdrawal of the notice does not give the individual a right to recover any amount that the individual has already paid to HMRC in response to the notice.
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download.
Would you like to continue?
The Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
The Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.
Would you like to continue?
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Point in Time: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: