Taxation (International and Other Provisions) Act 2010 section 53

New groups without existing reporting company

Section 53 allows HMRC to appoint a reporting company for a newly designated worldwide group where no reporting company currently exists and the original company receiving the closure notice is not a member of that new group.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.