- 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This is the original version (as it was originally made).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.
6.—(1) The company that is, for the time being, the allocating member may by notice amend the allowance allocation statement to amend the allocation of allowance.
(2) The notice must—
(a)be made in writing to HMRC;
(b)be received by HMRC before whichever is the latest of the following dates—
(i)the date 24 months after the end of period A,
(ii)if notice of enquiry (within the meaning of Part 4 of Schedule 18 to the Finance Act 1998(1)) is given into a relevant tax return of the allocating member or an RP developer, 30 days after the enquiry is completed,
(iii)if, after such enquiry is completed, an officer of Revenue and Customs amends the return under paragraph 34(2) of Schedule 18 to the Finance Act 1998, 30 days after the notice of amendment is issued, and
(iv)if an appeal is brought against such an amendment, 30 days after the date on which the appeal is finally determined;
(c)be signed by the appropriate person in relation to the allocating member; and
(d)amend the specifications required by regulation 5(2)(g) to (i) and specify any increase or decrease in the allowance allocated.
(3) In paragraph (2)(b)(iii), “relevant tax return” means a company tax return of an allocating member in respect of period A or RP developer in respect of period B to which allowance has been allocated for that period.
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:
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: