237 Duty to give conduct notice
Finance Act 2014 (2014 c 26) | Legislation

Conduct notices

237  Duty to give conduct notice

(1)     Subsections (5) to (9) apply if an authorised officer becomes aware at any time that a person (“P”) who is carrying on a business as a promoter—

(a)     has, in the period of 3 years ending with that time, met one or more threshold conditions, and

(b)     was carrying on a business as a promoter when P met that condition.

[(1A)     Subsections (5) to (9) also apply if an authorised officer becomes aware at any time (“the relevant time”) that—

(a)     a person has, in the period of 3 years ending with the relevant time, met one or more threshold conditions,

(b)     at the relevant time another person (“P”) meets one or more of those conditions by virtue of Part 2 of Schedule 34 (meeting the threshold conditions: bodies corporate and partnerships), and

(c)     P is, at the relevant time, carrying on a business as a promoter.]

(2)     Part 1 of Schedule 34 sets out the threshold

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