Finance Act 2021

Applications to modify group treatmentU.K.

5(1)Where two or more bodies are treated as members of the same group, the representative member may apply to the Commissioners to—U.K.

(a)treat another eligible body as a member of the group,

(b)change which member of the group is the representative member,

(c)exclude a member of the group, or

(d)terminate the treatment of the members as members of a group,

F1...

[F2(2)Where the Commissioners receive an application under sub-paragraph (1), they must, by notice to the applicant and, in a case within sub-paragraph (1)(b), the proposed new representative member—

(a)confirm whether they accept or refuse the application, and

(b)if they accept the application, specify a date from which the application is to be treated as having been accepted.

(3)The Commissioners must give the notice within the period of 90 days beginning with the day on which the application is received.

(4)The date mentioned in sub-paragraph (2)(b) must be within that period.]

Textual Amendments

F1Words in Sch. 13 para. 5(1) omitted (24.2.2022) by virtue of Finance Act 2022 (c. 3), Sch. 12 para. 6(5)(b)(i)

Commencement Information

I1Sch. 13 para. 5 in force at 10.12.2021 for specified purposes by S.I. 2021/1409, reg. 3

I2Sch. 13 para. 5 in force at 1.4.2022 in so far as not already in force by S.I. 2021/1409, reg. 4

6(1)The Commissioners may only refuse an application under paragraph 5(1)(a) or (1)(b) if they consider it necessary to refuse the application for the protection of the revenue.U.K.

(2)The Commissioners may only refuse an application under paragraph 5(1)(c) or (1)(d) if—

(a)the case does not fall within paragraph 8, and

(b)they consider it necessary to refuse the application for the protection of the revenue.

Commencement Information

I3Sch. 13 para. 6 in force at 10.12.2021 for specified purposes by S.I. 2021/1409, reg. 3

I4Sch. 13 para. 6 in force at 1.4.2022 in so far as not already in force by S.I. 2021/1409, reg. 4