PART 2DISALLOWANCE OF DEDUCTIONS
CHAPTER 1APPOINTMENT OF AUTHORISED COMPANY
Revocation of appointment on a company becoming or ceasing to be a company to which Part 3 of Schedule 15 applies9
1
An appointment under paragraph 17 of Schedule 15 ceases to have effect if a company becomes or ceases to be a company to which Part 3 of Schedule 15 applies.
2
The appointment ceases to have effect in relation to the relevant period of account in which the company becomes or ceases to be a company to which Part 3 of Schedule 15 applies and subsequent periods of account.
3
But paragraph (1) does not apply if within three months of a company becoming or ceasing to be a company to which Part 3 of Schedule 15 applies, the reporting body notifies an officer of Revenue and Customs at the tax office that deals with its corporation tax affairs of the change.
4
A notification under paragraph (3) must—
a
be in writing, and
b
specify the name and the tax office reference of the company that has become or ceased to be a company to which Part 3 of Schedule 15 applies.
5
Where a new company has become a company to which Part 3 of Schedule 15 applies the notification must be accompanied by a statement by that company—
a
that the company appointed under paragraph 17 of Schedule 15 will act on its behalf for all relevant periods of account for which the appointment has effect;
b
that no application will be made to amend a financing expense amount specified under paragraph 21(4)(b) of Schedule 15 other than through a revised statement submitted by the reporting body in accordance with paragraph 20 of Schedule 15;
c
agreeing to be bound by a statement of allocated disallowances or a revised statement delivered by the reporting body.