# Finance Act 2020, Paragraph 17


(1) Where a joint liability notice is given to an individual at a time when the company to which the notice relates has ceased to exist, a reference in this Schedule to the individual being jointly and severally liable with the company for an amount is to be read as—
(a) a reference to the individual being solely liable for that amount (where no other individual is given a joint liability notice in respect of it), or
(b) a reference to the individual being jointly and severally liable for that amount with each other individual who is given a joint liability notice in respect of it.
(2) The tax liability at a particular time of a company which no longer exists at that time is treated for the purposes of this Schedule as being whatever it was immediately before the company ceased to exist.

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Source: https://www.legislation.gov.uk/ukpga/2020/14/schedule/13/paragraph/17 (the official version)
Page: https://openlegislation.uk/finance-act-2020/schedule-13/paragraph-17
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.