Schedule 10, Part 1, paragraph 30

This paragraph applies if— an option to tax was purportedly exercised in a case where, before the option could be exercised, the prior permission of the Commissioners was required under paragraph 28, and notification of the purported option was purportedly given to the Commissioners in accordance with paragraph 20. The Commissioners may, in the case of any such option, subsequently dispense with the requirement for their prior permission to be given under paragraph 28. If the Commissioners dispense with that requirement, a purported option— is treated for the purposes of this Part of this Schedule as if it had instead been validly exercised, and has effect in accordance with paragraph 19.

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Source: legislation.gov.uk · retrieved 2026-07-28