Corporation Tax Act 2010 section 269ZU

Group allowance allocation statement: submission of revised statement

Section 269ZU sets out the rules and time limits for submitting a revised group allowance allocation statement, which allows the nominated company in a group to update how the group's deductions allowance is shared among its members.

• A revised group allowance allocation statement may be submitted by the current nominated company, even if the nomination has changed since the original statement was filed.
• The deadline for submitting a revised statement is the latest of: one year after the filing date for the nominee's tax return; 30 days after completion of an HMRC enquiry into a relevant return; 30 days after HMRC amends a return following an enquiry; or 30 days after an appeal against such an amendment is finally determined.
• HMRC may permit a revised statement to be submitted after the normal deadline has passed.
• The revised statement must meet the same formal requirements as the original statement, and certain narrow enquiries relating solely to the allocation of group deductions allowance do not extend the deadline.