[59F Arrangements for paying tax on behalf of group members]
Taxes Management Act 1970 (1970 c 9) | Legislation

[59F  Arrangements for paying tax on behalf of group members]

[(1)     An officer of Revenue and Customs may enter into arrangements for the specified purpose with some or all of the members of a group.

(2)     For the purposes of subsection (1), arrangements entered into with some or all of the members of a group are for “the specified purpose” if they are arrangements for one of those members to discharge any liability of each of those members to pay corporation tax for the accounting periods to which the arrangements relate.

(3)     For the purposes of this section, a company and all its 51% subsidiaries form

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