3.—(1) A member of group G may be nominated to be the allocating member of the group by the ultimate parent of group G.
(2) The nomination must—
(a)be made in writing to HMRC,
(b)be signed by the appropriate person in relation to the ultimate parent, and
(c)state the first accounting period for which the nomination is to have effect.
(3) A nomination has effect until—
(a)substituted by a new nomination made in accordance with paragraphs (1) and (2),
(b)revoked by notice in writing to HMRC by the appropriate person in relation to the ultimate parent of group G, or
(c)the allocating member ceases to be a member of group G.
4.—(1) For the purposes of this Part, if there is a change of allocating member or a company ceases to be the allocating member, that does not affect the duration of, or allowance for, the period A current immediately before the change or cessation.
(2) If there is a change of allocating member before the end of period A, that new allocating member may submit an allowance allocation statement in respect of the period A current immediately before the change.
(3) Period A in relation to the new allocating member begins immediately after the end of the period A current immediately before the change.
5.—(1) The company that is, for the time being, the allocating member may submit an allowance allocation statement.
(2) An allowance allocation statement must—
(a)be made in writing to HMRC;
(b)specify the start and end date of period A to which the statement relates;
(c)be received by HMRC on or before the date 12 months after the end of period A;
(d)specify the company that was the allocating member at the start of period A;
(e)be signed by the appropriate person in relation to the allocating member;
(f)identify the ultimate parent of group G;
(g)specify the amount of the allowance for period A to which the statement relates;
(h)specify the amount of any allowance allocated to the allocating member;
(i)specify the RP developers to which an allowance is allocated and in relation to each specify—
(i)the unique taxpayer reference,
(ii)the start and end date of period B, and
(iii)the amount of allowance allocated.
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.