Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
, see all updates

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.

A report should be made to CTIAA (Technical), for the Anti-Avoidance Group, where it appears the powers need to be invoked in this context. See ‘Technical Help’ on the left bar.