Section 188EG — Corporation Tax Act 2010: Sections 188EC to 188EE: supplementary

Sections 188EC to 188EE: supplementary 188EG 1 If two or more claims for group relief for carried-forward losses are made at the same time, for the purpose of section 188EC and 188EE treat the claims as made—

a in such order as the company making them may elect or the companies making them may jointly elect, or b if no such election is made, in such order as an officer of Revenue and Customs may direct.

2 For the purpose of step 3 in each of sections 188EC(5) and 188EE(3) the amount of group relief for carried-forward losses given on a prior claim is determined on the basis that relief is given on the claim before it is given on any later claim.

3 If the use of any proportion mentioned in subsection (4), would, in the circumstances of a particular case, produce a result that is unjust or unreasonable, the proportion is to be modified so far as necessary to produce a result that is just and reasonable.

4 The proportions are those found in—

a section 188EC(2)(a),

b step 1 in section 188EC(6),

c section 188EC(8)(a),

d step 3 in section 188ED(1),

and e section 188EE(4)(a).