Income Tax (Earnings and Pensions) Act 2003 section 61TA

Duty for client to withdraw status determination statement if it ceases to be medium or large

Section 61TA requires a private sector client that has previously issued a status determination statement to formally withdraw it if the client no longer qualifies as a medium or large business for a forthcoming tax year, and sets out the consequences of failing to do so.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.