http://www.legislation.gov.uk/id/ukpga/2012/14/schedule/5/enacted

SCHEDULES

SCHEDULE 5Tax treatment of financing costs and income

6

In section 292 (statement of allocated exemptions: requirements), after subsection (5) insert—

5A
An amount may not be specified in relation to a company under subsection (4)(b) if it accrues at a time at which the company is not a UK group company.