SCHEDULES

SCHEDULE 1Reliefs

PART 2Group relief for qualifying levy losses

I19Claims for levy group relief

1

This paragraph applies in relation to the surrendering company’s surrenderable amounts for the surrender period under paragraph 8.

2

The claimant company may make a claim for levy group relief for a qualifying accounting period (“the claim period”) in relation to those amounts (in whole or in part) if—

a

the surrendering company consents to the claim,

b

there is a period (“the overlapping period”) that is common to the claim period and the surrender period, and

c

at a time during the overlapping period the surrendering company and the claimant company are part of the same group.

3

More than one company may make a claim for levy group relief in relation to any surrenderable amounts (but the giving of that relief in relation to any claim is subject to the provisions of this Part of this Schedule).

4

Paragraph 70(3) and (4) of Schedule 18 to FA 1998 apply for the purposes of any consent given under this paragraph.