Corporation Tax Act 2010 section 269ZT

Group allowance allocation statement: submission

Section 269ZT sets out the rules governing who must submit a group allowance allocation statement to HMRC, the deadlines for doing so, and the circumstances in which submission is not required.

• The nominated company for a group must submit a group allowance allocation statement to HMRC for each accounting period in which it holds that role, unless the statement would allocate no amount of group deductions allowance.
• If the nominated company changes before the statement has been submitted, the new nominated company takes on the obligation to submit it, and the former nominated company may no longer do so.
• The statement must be received by HMRC by the latest of several possible deadlines: one year after the filing date for the relevant company tax return, or 30 days after the completion of any HMRC enquiry, post-enquiry amendment, or appeal determination relating to a return covered by the statement.
• A late submission may be accepted if an HMRC officer permits it, and all statements must comply with the content requirements set out in section 269ZV.