CG44145 - Targeted rules to prevent income to capital converter schemes by companies - notices - 90 day period

Once a notice has been issued, the taxpayer has 90 days to consider what effect the legislation has on its tax liability in the same way as it would consider any other relevant tax legislation. Although HMRC will set out its view of the effect of the legislation in the notice, the taxpayer should base its self-assessment on its own opinion of its tax liabilities, in the same way as it must apply all other relevant tax legislation.