Part 2 Meaning of “Filing Member”
Finance (No 2) Act 2023 (2023 c 30) | Legislation

Part 2 Meaning of “Filing Member”

2

(1)     The filing member of a multinational group is the ultimate parent of that group, unless a nomination under sub-paragraph (2) is in force.

(2)     The nomination referred to in sub-paragraph (1) is a nomination by the ultimate parent of the group that another person should act as the filing member.

(3)     The ultimate parent may only nominate a person if—

(a)     the person is a member of the group, and

(b)     the person is a company.

(4)     If the ultimate parent nominates a person under sub-paragraph (2), they must—

(a)     nominate the same person as the filing member for the purposes of Schedule 18;

(b)     if the nomination ceases to be in force, revoke the nomination referred to in paragraph (a);

(c)     if the nomination referred to in paragraph (a) ceases to be in force, revoke the nomination.

(5)     The ultimate parent must provide the person nominated with everything the person may reasonably require in order to comply with the obligations of a filing member under this Schedule.

(6)     While a nomination under sub-paragraph (2) is in force, the filing member of a multinational group is the person nominated.

(7)

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