Part 6Tax arbitrage
Introduction
231Overview
1
This Part provides for the service on companies of two kinds of notice, as a result of which they must calculate or recalculate their income or chargeable gains or liability to corporation tax less advantageously.
2
Sections 232 to 248 deal with the first kind of notice (“deduction notices”).
3
In particular—
a
see sections 232 to 235 for provisions about the service of deduction notices,
b
see sections 236 to 242 for the kinds of schemes (“deduction schemes”) involved, and
c
see sections 243 to 248 for the consequences of such notices.
4
Sections 249 to 254 deal with the second kind of notice (“receipt notices”).
5
In particular—
a
see sections 249 to 253 for provisions about the service of receipt notices, and
b
see section 254 for their consequences.
6
Sections 255 to 257 contain general provisions about both kinds of notice.
7
For the meaning of “scheme” etc, see section 258 (schemes and series of transactions).