The Corporation Tax (Simplified Arrangements for Group Relief) Regulations 1999

Explanatory Note

(This note is not part of the Regulations)

These Regulations make provision for arrangements (“the arrangements”) under which corporation tax group relief may be claimed or surrendered by an authorised company acting on behalf of companies in the group in relation to accounting periods of claimant companies ending on or after 1st July 1999.

Regulation 1 provides for citation and commencement, regulation 2 is introductory, and regulation 3 provides for interpretation.

Regulation 4 defines “authorised company” and regulation 5 defines “authorising company” for the purposes of the Regulations.

Regulation 6 specifies details to be contained in an application by an authorised company on behalf of the group to enter into the arrangements.

Regulation 7 lists the criteria in relation to which the Inland Revenue may either accept or refuse an application under regulation 6.

Regulation 8 makes provision in relation to the case where one of the companies listed in an application under regulation 6 is a consortium company and there is a subsequent change in the members of the consortium concerned.

Regulation 9 lists the criteria in relation to which, following the acceptance of an application under regulation 6, the Inland Revenue may exclude a company from the arrangements.

Regulation 10 specifies the information to be furnished to the Inland Revenue under the arrangements by the authorised company on behalf of the group when claiming and surrendering group relief.

Regulation 11 provides for termination of the arrangements by either the authorised company or the Inland Revenue, and for the exclusion by the authorised company of a company in the group from the arrangements.