(1)This section applies where an application is made to the Commissioners for two or more bodies corporate, which are eligible [F2by virtue of section 43A], to be treated as members of a group.
(2)This section also applies where two or more bodies corporate are treated as members of a group and an application is made to the Commissioners—
(a)for another body corporate, which is eligible [F3by virtue of section 43A] to be treated as a member of the group, to be treated as a member of the group,
(b)for a body corporate to cease to be treated as a member of the group,
(c)for a member to be substituted as the group’s representative member, or
(d)for the bodies corporate no longer to be treated as members of a group.
(3)An application with respect to any bodies corporate—
(a)must be made by one of them or by the person controlling them, and
(b)in the case of an application for the bodies to be treated as a group, must appoint one of them as the representative member.
(4)Where this section applies in relation to an application it shall, subject to subsection (6) below, be taken to be granted with effect from—
(a)the day on which the application is received by the Commissioners, or
(b)such earlier or later time as the Commissioners may allow.
(5)The Commissioners may refuse an application, within the period of 90 days starting with the day on which it was received by them, if it appears to them—
(a)in the case of an application such as is mentioned in subsection (1) above, that the bodies corporate are not eligible [F4by virtue of section 43A] to be treated as members of a group,
(b)in the case of an application such as is mentioned in subsection (2)(a) above, that the body corporate is not eligible [F5by virtue of section 43A] to be treated as a member of the group, or
(c)in any case, that refusal of the application is necessary for the protection of the revenue.
(6)If the Commissioners refuse an application it shall be taken never to have been granted.]
Textual Amendments
F1Ss. 43A-43C inserted (27.7.1999) by 1999 c. 16, s. 16, Sch. 2 para. 2
F2Words in s. 43B(1) substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 20(4)
F3Words in s. 43B(2)(a) substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 20(4)
F4Words in s. 43B(5)(a) substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 20(4)
F5Words in s. 43B(5)(b) substituted (22.7.2004) by Finance Act 2004 (c. 12), s. 20(4)