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Changes over time for: Paragraph 69


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 01/04/2010
Status:
Point in time view as at 22/07/2004.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 1998, Paragraph 69.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
69(1)A claim for group relief may be made for less than the amount available for surrender at the time the claim is made.U.K.
(2)A claim is ineffective if the amount claimed exceeds the amount available for surrender at the time the claim is made.
(3)For these purposes the amount available for surrender at any time is calculated as follows.
(a)on the basis of the information in the company’s company tax return, and
(b)disregarding any amendments whose effect is deferred under paragraph 31(3).
(4)Where one or more claims are withdrawn on the same day as one or more claims are made, the withdrawals are given effect first.
(5)Where more than one claim is made on the same day, and the claims together take the amount claimed over the limit of what is available for surrender, the Inland Revenue may determine which of the claims is to be ineffective.
(6)The power under sub-paragraph (5) shall not be exercised to any greater extent than is necessary to bring the total amount claimed within the amount available for surrender.
Yn ôl i’r brig