Failure to comply with special arrangements
47C Failure to comply with special arrangements
If—
a failure by a corporation to pay a corporate tax liability is rectified because of a special arrangement for the payment of the corporate tax liability, or because payment of part or all of the corporate tax liability is deferred by the Board of Review, and
the corporation fails to pay the corporate tax liability in accordance with the terms of the special arrangement or deferral,
the Chief Commissioner may serve a further compliance notice on the director or former director in respect of the corporate tax liability, or so much of the corporate tax liability as remains unpaid, and this Division applies accordingly.
This Act’s bill:Explanatory memorandumSecond reading speech
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