HMRC determinations
6.—(1) In relation to both members who are individuals and corporate members, the like provisions as are contained in paragraphs 36 and 40 of Schedule 18 shall apply with the modifications in paragraphs (2) and (3).
(2) For references to—
(a)the company substitute references to the syndicate’s managing agent;
(b)the company tax return substitute references to the syndicate return;
(c)the company’s self-assessment or tax payable, substitute references to the syndicate determination;
(d)an accounting period (or periods) substitute references to the underwriting year to which the syndicate return relates (or would relate); and
(e)the Inland Revenue substitute references to Her Majesty’s Revenue and Customs.
(3) Omit paragraphs 36(3) and (6)(a) and 40(1)(b) and (2).