This regulation should be applied to close companies and private
companies limited by shares who are, or are applying to be,
registered for gross payment status.
Where there is an issue or transfer of shares that
effectively changes control of the company, within 30 days of the
date of the change the company must notify HMRC of the name and
address of the person to whom the issue or transfer was made:
SI2005/2045 reg 53(2).
For the purposes of this regulation, 'control' has the same
meaning as ICTA88/S840: SI2005/2045 reg 53(3).
ENABLING PROVISION – FA04/S65 (2)
