Corporation Tax: company purchase schemes: information powers
ICTA88/S767C (omitted by FA08/S113 and SCH36/PARA81 with effect from1 April 2009)
Section 767C contained a specific information power that could be used where there is a change in the ownership of a company and a person may become liable to be assessed under Section 767A or 767AA. It allowed a notice to be served on any person requiring the production of documents or particulars that appear to be relevant to the following:
- whether the seller or an associated company is liable under Sections 767A or 767AA, and
- the amount of that liability.
Notices under Section 767C are to be given by the Commissioners.
The information powers at FA08/SCH36 replace ICTA88/S767C from 1 April 2009.
(This content has been withheld because of exemptions in the Freedom of Information Act 2000)