PART 32021 loss carry-back allocation statement

The 2021 nominated company8

1

A member of a 2021 group (the “2021 nominated company”) may be nominated to submit a 2021 loss carry-back allocation statement on behalf of that 2021 group by—

a

the ultimate parent of that 2021 group,

b

all of the members of that 2021 group together, or

c

any two or more members of that 2021 group together, with the consent of the appropriate person on behalf of the ultimate parent of that 2021 group.

2

The nomination must be—

a

made in writing, and

b

signed by the appropriate person on behalf of each company making the nomination.

3

Only one company may, for the time being, be the 2021 nominated company in respect of a 2021 group.

4

Once a nomination is made, it has effect until substituted by a new nomination made by—

a

the ultimate parent of that 2021 group,

b

all of the members of the 2021 group, or

c

any two or more members of that 2021 group together, with the consent of the appropriate person on behalf of the ultimate parent of that 2021 group.

5

Consent is deemed to be given under sub-paragraph (c) of paragraph (1) and sub-paragraph (c) of paragraph (4) where—

a

the appropriate person on behalf of the ultimate parent is notified in writing of the companies’ intention to make a nomination, and

b

the ultimate parent does not object within 7 days of receipt of the notification.