Section 217G Representations by the companyF1

(1)

Where a preliminary notice is issued to a company, the company may make representations to a designated officer in accordance with this section

(2)

Representations are only made in accordance with this section if—

(a)

they are made in writing,

(b)

they are made within the period of 30 days beginning with the day on which the officer issued the preliminary notice, and

(c)

they are made solely on the grounds specified in subsection (3).

(3)

Those grounds are—

(a)

that there is an arithmetical error in the calculation of any profits stated in the preliminary notice or an error in a figure on which an assumption in the notice is based;

(b)

that one or both of the conditions in section 217C(1)(a) and (c) are not met.

(4)

But where the preliminary notice sets out that the basis on which the officer considers the condition mentioned in section 217C(1)(a) is met is because the other party is a transparent entity, representations are also made in accordance with this section if they are—

(a)

made within the period of 60 days beginning with the day on which the officer issued the preliminary notice, and

(b)

made solely on the grounds that the condition in section 217C(1)(a) is not met.

Annotations

Textual amendments

F1: Pt. 4A inserted (for accounting periods beginning on or after 1.1.2026) by Finance Act 2026 (c. 11), s. 46(2), Sch. 5 para. 1(1)