271Election to make one member of a group liable for amounts chargedU.K.
(1)Where multiple members of a group are chargeable to domestic top-up tax in an accounting period, the filing member of the group may elect that only one member of the group specified in the election (the “[elected] member”) is to be liable to pay domestic top-up tax in that period.
(2)Where an election under this section is made—
(a)no member of the group other than the [elected] member is required to pay any amount by way of domestic top-up tax, and
(b)the [elected] member must pay any amount by way of domestic top-up tax any other member of the group would have been required to pay if the election had not been made.
(3)Subsection (2) does not apply if the [elected] member has not consented to the election.
(4)Paragraph 2 of Schedule 15 (annual elections) applies to an election under this section, and has effect for that purpose as if references to an information return or overseas return notification were to a self-assessment return or below-threshold notification.