Paragraph 6 IntroductionI1

United Kingdom

(1)

This Part of this Schedule—

(a)

allows a company (“the surrendering company”) to surrender a qualifying levy loss it has for a qualifying accounting period to another company (“the claimant company”) that is part of the same group, and

(b)

enables the claimant company to claim relief from the levy for that loss.

(2)

The relief mentioned in sub-paragraph (1) is referred to in this Schedule as “levy group relief”.

Annotations

Commencement

I1: Sch. 1 para. 6 in force at Royal Assent