[F1269ZTGroup allowance allocation statement: submissionU.K.
(1)A company must submit a group allowance allocation statement to HMRC for each of its accounting periods in which it is the nominated company in relation to a group.
This is subject to subsections (2) and (3).
(2)If a company ceases to be the nominated company in relation to a group before it submits a group allowance allocation statement to HMRC for an accounting period—
(a)that company may not submit the statement, and
(b)the company that is for the time being the nominated company in relation to the group must do so.
(3)But if a new group allowance nomination in respect of the group takes effect on a date before it is made, that does not affect the validity of the submission of any group allowance allocation statement submitted before the date the new nomination is made.
(4)A group allowance allocation statement under this section must be received by HMRC before the first anniversary of the filing date for the company tax return for the accounting period to which the statement relates.
(5)A group allowance allocation statement under this section may be submitted at a later time if an officer of Revenue and Customs allows it.
(6)A group allowance allocation statement under this section must comply with the requirements of section 269ZV.]
Textual Amendments
F1Pt. 7ZA inserted (with effect in accordance with Sch. 4 para. 190 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 4 para. 16