55(1)This paragraph applies for the purposes of paragraph 54(3).U.K.
(2)Only one nomination may be made during the chargeable period.
(3)A nominator may nominate itself.
(4)HMRC may from time to time publish requirements as to the information to be included with a nomination.
(5) HMRC may reject a nomination within the period of 30 days starting with the day on which it receives the nomination.
(6) HMRC may reject a nomination only if—
(a)the nomination contravenes sub-paragraph (2),
(b)information required under sub-paragraph (4) is missing from the nomination, or
(c) HMRC has reason to believe that the nominee will turn out—
(i)not to be a chargeable member of the relevant group,
(ii)not to have an accounting period for corporation tax purposes which is the same as the chargeable period, or
(iii)not to have sufficient resources itself to pay the bank levy.