Corporation Tax Act 2010 section 973

Introduction to Chapter

Section 973 introduces the rules that allow HMRC to recover unpaid corporation tax from a related company when the tax is owed by a non-UK resident company.

• Where a non-UK resident company fails to pay its corporation tax, HMRC can pursue a related company for the unpaid amount
• Separate provisions in Chapter 6 of Part 14 also allow recovery of unpaid corporation tax from a linked person where there has been a change in ownership of a company
• For the purposes of this Chapter, "company" is defined broadly to mean any body corporate
• The meaning of "related company" is set out in section 976