92 Duty to notify if potentially within scope of tax
Finance Act 2015 (2015 c 11) | Legislation

Duty to Notify if Within Scope

92  Duty to notify if potentially within scope of tax

(1)     Where a company meets the requirements in subsection (3) or (4) in relation to an accounting period of the company, the company must notify an officer of Revenue and Customs to that effect.

This is subject to subsections (7) and (8).

(2)     A notification under subsection (1) must be made—

(a)     in writing, and

(b)     within the period of 3 months beginning at the end of the accounting period to which it relates (“the notification period”).

See also subsection (9) for provision about the content of notifications.

(3)     A company meets the requirements of this subsection if—

(a)     section 80 or 81 applies in relation to the company for the accounting period, and

(b)     in that period, the financial benefit of the tax reduction is significant relative to the non-tax benefits of the material provision.

(4)     A company meets the requirements of this subsection if—

(a)     section 86 applies in relation to the company for the accounting period, and

(b)     where that section applies by reason of the mismatch condition being met, in that period the financial benefit of the tax reduction

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