Section 269DG — Corporation Tax Act 2010: Group allowance allocation statement: submission

Group allowance allocation statement: submission 269DG 1 A company must submit a group allowance allocation statement to HMRC for each of its accounting periods in which it is the nominated company in relation to a group. This is subject to subsections (2) and (3).

2 If a company ceases to be the nominated company in relation to a group before it submits a group allowance allocation statement to HMRC for an accounting period—

a that company may not submit the statement, and b the company that is for the time being the nominated company in relation to the group must do so.

3 But if a new group allowance nomination in respect of the group takes effect on a date before it is made, that does not affect the validity of the submission of any group allowance allocation statement submitted before the date the new nomination is made.

4 A group allowance allocation statement under this section must be received by HMRC within 12 months of the end of the accounting period, of the nominated company, to which it relates.

5 A group allowance allocation statement under this section may be submitted at a later time if an officer of Revenue and Customs allows it.

6 A group allowance allocation statement under this section must comply with the requirements of section 269DI.