Taxation (International and Other Provisions) Act 2010 section 6

Obligation of reporting company to notify group members of its status

Section 6 requires a reporting company to inform relevant group members that it has been appointed as the group's reporting company for a particular period of account.

• The reporting company must notify each relevant group company of its status as soon as reasonably practicable after the relevant time.
• If it is the first period of account for which the appointment applies, the relevant time is the date of appointment; otherwise, it is six months after the end of the period of account.
• No repeat notification is needed if a company was already notified for an earlier period of account.
• Relevant companies are those that were active UK group companies during the period, or the ultimate parent of the worldwide group.