# Taxation (International and Other Provisions) Act 2010, Section 371JD: How long is an exempt period?


(1) Subject to what follows, an exempt period of a CFC lasts 12 months.
(2) Subsection (3) applies if a notice is given to an officer of Revenue and Customs requesting that the length of an exempt period of a CFC be extended (or further extended).
(3) An officer of Revenue and Customs may extend (or further extend) the length of the exempt period.
(4) A notice under subsection (2) must be given no later than the end of the exempt period (as it stands at the time the notice is given).
(5) A notice under subsection (2) may be given only by a company which, at the time the notice is given, would be a chargeable company for the purposes of the charging condition in section 371JC.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/371JD (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-371JD
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.