http://www.legislation.gov.uk/id/ukpga/1988/1

SCHEDULES

SCHEDULE A2Corporation tax: the non-corporate distribution rate: supplementary provisions

Part 2Allocation of excess NCDs to other companies

Allocation of excess NCDs: amounts proving to be excessive

11 (1)

This paragraph applies where an amount of excess NCDs allocated to another company in accordance with this Part of this Schedule later proves to be excessive.

(2)

The excess shall revert to the distributing company.

(3)

If allocations to two or more companies are involved, the amounts shall revert in the opposite order to that in which the allocations were made.

(4)

In the case of allocations made at the same time, the amounts reverting to the distributing company shall be in proportion to the original allocations.