Part 2 Joint and Several Liability
Finance Act 2022 (2022 c 3) | Legislation

Part 2 Joint and Several Liability

Liability of associated companies

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(1)     This paragraph applies to any company, other than a company that is subject to special measures, that was associated, at any point during the disqualifying period, with a company (“the principal taxpayerâ€) that is liable to public interest business protection tax as a result of paragraph 1.

(2)     A company is associated with another if—

(a)     one of the two has control of the other, or

(b)     both are under the control of the same person or persons.

(3)     A company to which this paragraph applies is, together with the principal taxpayer, jointly and severally liable to public interest business protection tax.

(4)     In this Schedule the “disqualifying period†means the period commencing with the day on which the first disqualifying step was taken and ending with the last day of the period in which the principal taxpayer must make a return under paragraph 8(1).

Joint and several liability of connected persons and others who may benefit

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(1)     This paragraph applies to a person (“Râ€) and any person connected to R if—

(a)     R or a person connected to R receives the proceeds (whether

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