Paragraph 6 Effect of group registration: liability for disposal fees and administration fees

(1)

Where one or more relevant group members in a group registration, other than the holding company, is a liable producer under regulation 60 in relation to an assessment year—

(a)

the liability of each of those persons under regulation 60(2) to pay disposal fees and administration fees is transferred to the holding company; and

(b)

the holding company is liable to pay to the scheme administrator in accordance with regulation 68—

(i)

an amount equal to the sum of the disposal fees, and

(ii)

an amount equal to the sum of the administration fees,

which would, apart from this paragraph, be payable by each relevant group member in the group registration.

(2)

For the purposes of sub-paragraph (1), the provisions referred to in sub-paragraphs (3) and (4) apply with the modifications in those sub-paragraphs.

(3)

Chapter 3 of Part 5 applies with the modifications that—

(a)

in regulations 60(3) and 61 to 66, any reference to a fee payable by a liable producer is to be treated as a reference to a fee payable by the holding company in relation to a relevant group member which is a liable producer;

(b)

the notice of liability required by regulations 60(3)(b) and 67 is to be served on the holding company and is to state—

(i)

the total amounts of the disposal fees and administration fees payable by the holding company under sub-paragraph (1)(b)(i) and (ii) above;

(ii)

the information in regulation 67(2)(a) to (e) for the holding company, if it is a liable producer, and for each relevant group member whose liability has transferred to the holding company;

(iii)

the information in regulation 67(2)(f) to (h) and (3), with regulation 67(2)(h) being read as if the reference to the producer were a reference to the holding company.

(4)

In Chapter 5 of Part 5, regulations 78(1)(a), 79, 81 and 82 apply with the modifications that references to a liable producer, an affected producer or the producer are to be treated as references to the holding company, except for the reference to the producer in regulation 79(2)(a)(i) which is to be treated as a reference to the holding company, if it is a liable producer, and to any relevant group member whose liability has transferred to the holding company.