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

Group allowance allocation statement: submission 269ZT 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) to (3A) .

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. 3A A company need not submit a group allowance allocation statement to HMRC for an accounting period if the statement would, if submitted, allocate no amount of group deductions allowance in accordance with section 269ZV(3)(f).

4 A group allowance allocation statement under this section must be received by HMRC on or before whichever is the latest of the following dates—

a the first anniversary of the filing date for the company tax return for the accounting period to which the statement relates;

b if notice of enquiry (within the meaning of Schedule 18 to FA 1998) is given into a company tax return of a company for an accounting period for which an amount of group deductions allowance is, or could be, allocated by the statement, 30 days after the enquiry is completed;

c if, after such an enquiry, an officer of Revenue and Customs amends the return under paragraph 34(2) of that Schedule, 30 days after the notice of amendment is issued;

d if an appeal is brought against such an amendment, 30 days after the date on which the appeal is finally determined.

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 269ZV.