Document ID: chunk:federal_register_of_legislation:C2006C00470:clause:1_2
Version: federal_register_of_legislation:C2006C00470
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 5823–8547

2                         The Commissioner may amend an assessment of a company that is an STS taxpayer for the year of income to which the assessment relates within 2 years after the day on which the Commissioner gives notice of the assessment to the company.  This item does not apply:
                                                                                                                                                                                                                                                                      (a) if the company is a partner in a partnership that carries on a business at any time in that year unless the partnership is an STS taxpayer for that year; or
                                                                                                                                                                                                                                                                      (b) to a company in the capacity of a trustee of a trust estate at any time in that year (see item 3 for this case); or
                                                                                                                                                                                                                                                                      (c) if the company is a beneficiary of a trust estate at any time in that year unless the trust is an STS taxpayer for that year or the trustee of the trust (in that capacity) is a full self‑assessment taxpayer for that year; or
                                                                                                                                                                                                                                                                      (d) if it is reasonable to conclude that any person entered into or carried out a scheme (either alone or with others) for the sole or dominant purpose of the company obtaining a scheme benefit in relation to income tax from the scheme for that year; or
                                                                                                                                                                                                                                                                      (e) in any other circumstance prescribed by the regulations.
                                                                                                                                                                                                                                                                      This item is subject to items 5 and 6.