SCHEDULE 18 Accelerated Payments: Group Relief
Finance Act 2015 (2015 c 11) | Legislation

SCHEDULE 18 Accelerated Payments: Group Relief

Section 118

Amendments of Part 4 of FA 2014

1

Part 4 of FA 2014 (accelerated payments etc) is amended as follows.

2

In section 199 (overview of Part 4), in paragraph (c) omit the “and†at the end of sub-paragraph (ii), and after sub-paragraph (iii) insert “, and

(iv)     provision restricting the surrender of losses and other amounts for the purposes of group relief.â€

3

(1)     Section 220 (content of notice given while a tax enquiry is in progress) is amended as follows.

(2)     In subsection (2)—

(a)     in paragraph (b), after “the payment†insert “(if any)â€, and

(b)     omit the “and†at the end of that paragraph, and after paragraph (c) insert “, and

(d)     if the denied advantage consists of or includes an asserted surrenderable amount, specify that amount and any action which is required to be taken in respect of it under section 225A.â€

(3)     After subsection (4) insert—

“(4A)     Asserted surrenderable amount†means so much of a surrenderable loss as a designated HMRC officer determines, to the best of that officer's information and belief, to be an amount—

(a)

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