Finance Act 2016 (c. 24)

SCHEDULES

SCHEDULE 19 U.K. Large businesses: tax strategies and sanctions

PART 3 U.K. Sanctions for persistently unco-operative large businesses

Large groups falling within Part 3 U.K.

40 U.K. The references in paragraphs 36 to 39 to things done by a member of a UK group (“the group in question”)—

(a) include acts and omissions of a relevant body that is not a member of the group in question if they took place at a time when the relevant body was a member of a group headed by the body that is the head of the group in question;

(b) do not include acts or omissions of a relevant body that is a member of the group in question if they took place at a time when the relevant body was not a member of a group headed by the body that is the head of the group in question.