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Commentary

D8.143 Breach of conditions

Corporate tax

In general when a company becomes aware that it has breached one of the TEF conditions, it must, within 28 days of becoming aware of the breach, provide to HMRC1:

  1. Ìý

    (a)ÌýÌýÌýÌý the date of the breach and the date the fund first became aware of the breach

  2. Ìý

    (b)ÌýÌýÌýÌý details of the condition that was breached and the nature of the breach

  3. Ìý

    (c)ÌýÌýÌýÌý the steps the fund proposes to take to rectify the

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