- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
5.—(1) An appointment under paragraph 17 of Schedule 15 has effect on the date (“the three month date”) that is three months after the application is delivered to the tax office in accordance with regulation 4(3).
This is subject to paragraphs (2) to (4).
(2) An officer of Revenue and Customs may accept the application before the three month date.
(3) Where paragraph (2) applies, the officer of Revenue and Customs may amend the list of companies to which Part 3 of Schedule 15 applies specified under regulation 4(4)(b) to exclude any company that is not a company to which Part 3 of Schedule 15 applies for the relevant period of account.
(4) An appointment under paragraph 17 of Schedule 15 is of no effect if before the three month date an officer of Revenue and Customs refuses the application on the grounds that—
(a)the specimen statement of allocated disallowances provided in accordance with regulation 4(6) is not adequate for the purposes of Part 3 of Schedule 15, or
(b)a company to which Part 3 of Schedule 15 applies has been omitted from the list of companies specified under regulation 4(4)(b).
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: