Commentary

D8.143 Breach of conditions

Corporate tax
Corporate tax | Commentary

D8.143 Breach of conditions

Corporate tax | Commentary

D8.143 Breach of conditions

In general when a company becomes aware that it has breached one of the TEF conditions, it must, within 28 days of becoming aware of the breach, provide to HMRC1:

  1.  

    (a)     the date of the breach and the date the fund first became aware of the breach

  2.  

    (b)     details of the condition that was breached and the nature of the breach

  3.  

    (c)     the steps the fund proposes to take to rectify the breach and the earliest reasonable date by which this will be done

Where there has been a previous breach the company must include details of

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