Commentary

D9.132 Notification

Corporate tax
Corporate tax | Commentary

D9.132 Notification

Corporate tax | Commentary

D9.132 Notification

The procedure for the counteraction of a tax advantage differs slightly for corporation tax and income tax purposes for transactions occurring on or after 6 April 2016. Prior to 6 April 2016, the two procedures were effectively the same. The reason for the change is to align the income tax procedure more closely with the process for compliance checks under self-assessment.

Current corporation tax regime and income tax regime prior to 6 April 2016

If, after considering information supplied under the powers detailed in D9.131 or following refusal of an application for clearance, the HMRC officer decides that counteraction

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial