Notional allowance statement
10.—(1) B or the nominated company may submit a notional allowance statement.
(2) A notional allowance statement must—
(a)be made in writing to HMRC;
(b)be received by HMRC before whichever is the latest of the following dates—
(i)12 months after the end of the financial year to which the statement relates,
(ii)if a notice of enquiry (within the meaning of Part 4 of Schedule 18 to the Finance Act 1998) is given into a tax return for an accounting period of a relevant joint venture company that is the same as or overlaps with year X, 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)specify the financial year to which the notional allowance statement relates;
(d)be signed by the appropriate person in relation to B or the nominated company as the case may be;
(e)identify the ultimate parent of the group;
(f)in relation to each relevant joint venture company to which a notional allowance is allocated, specify—
(i)the unique taxpayer reference,
(ii)the date on which the company’s accounting period in relation to that allocation ends,
(iii)the amount of notional allowance allocated, and
(iv)the members of the group of which B is a member that are members of the relevant joint venture company.