# Income Tax Act 2007, Section 180B: The financial health requirement


(1) The issuing company must meet the financial health requirement at the beginning of period B.
(2) The financial health requirement is that the issuing company is not in difficulty.
(3) The issuing company is “in difficulty” if it is reasonable to assume that it would be regarded as a firm in difficulty for the purposes of the Community Guidelines on State Aid for Rescuing and Restructuring Firms in Difficulty (2004/C 244/02) as those guidelines had effect in the United Kingdom immediately before IP completion day.

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Source: https://www.legislation.gov.uk/ukpga/2007/3/section/180B (the official version)
Page: https://openlegislation.uk/income-tax-act-2007/section-180B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.