[F177E(1)Notice of consent to an allocation claim given by company A must contain all the following details—U.K.
(a)the name of company A;
(b)the name of company B;
(c)the amount of the DII surplus to be allocated to company B;
(d)the accounting period of company A which is the surplus period.
(2)Notice of consent may not be amended, but it may be withdrawn and replaced by another notice of consent.
(3)Notice of consent may be withdrawn by notice to an officer of Revenue and Customs.
(4)Except where the consent is withdrawn under paragraph 77I (withdrawal in consequence of reduction of DII surplus), the notice of withdrawal must be accompanied by a notice signifying the consent of company B to the withdrawal.
Otherwise the notice of withdrawal is ineffective.
(5)Company B must, so far as it may do so, amend its company tax return for the accounting period for which the allocation claim was made so as to reflect the withdrawal of consent.]
Textual Amendments
F1Sch. 18 Pt. 8A inserted (with effect in accordance with Sch. 7 para. 40 of the amending Act) by Finance Act 2021 (c. 26), Sch. 7 para. 16