Section 668 — Corporation Tax Act 2010: How income and gains are attributed

How income and gains are attributed 668 1 A registered club may specify the income and gains to be reduced (in whole or in part) as a result of section 666.

2 A specification under subsection (1) is made by notice to an officer of Revenue and Customs.

3 Subsection (5) applies if—

a an officer of Revenue and Customs requires the club to make a specification under this section, and b the club has not given notice under subsection (2) of the specification before the end of the required period.

4 The required period is 30 days beginning with the day on which the officer made the requirement.

5 An officer of Revenue and Customs may determine the income and gains to be reduced (in whole or in part).