[241A Defeat notices]
Finance Act 2014 (2014 c 26) | Legislation

[Defeat notices]

[241A  Defeat notices]

[(1)     This section applies in relation to a person (“P”) only if P is carrying on a business as a promoter.

(2)     An authorised officer, or an officer of Revenue and Customs with the approval of an authorised officer, may give P a notice if the officer concerned has become aware of one (and only one) relevant defeat which has occurred in relation to P in the period of 3 years ending with the day on which the notice is given.

(3)     An authorised officer, or an officer of Revenue and Customs with the approval of an authorised officer, may give P a notice if the officer concerned has become aware of two (but not

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