Section 743 — Corporation Tax Act 2010: Preliminary notification that section 733 may apply

Preliminary notification that section 733 may apply 743 1 An officer of Revenue and Customs must notify a company if the officer has reason to believe that—

a section 733 (company liable to counteraction of corporation tax advantage) may apply to the company in respect of a transaction or transactions, and b a counteraction notice ought to be served on the company under section 746 about the transaction or transactions.

2 The notification must specify the transaction or transactions.

3 See section 746 for the serving of counteraction notices, and sections 744 and 745 for cases where the company on which the notice under this section is served disagrees that section 733 applies.