Paragraph 15F F1

(1)

An election made under paragraph 15D or 15E in respect of a UK resident entity—

(a)

must be made in the form and manner specified by the Commissioners for Her Majesty’s Revenue and Customs,

(b)

must contain such information and declarations as the Commissioners may require, and

(c)

may be revoked at any time—

(i)

in the case of an election under paragraph 15D, by the relevant group’s responsible member;

(ii)

in the case of an election under paragraph 15E, by the relevant entity.

(2)

In this Schedule, “designated FPE entity” means a UK resident entity in respect of which an election is made under paragraph 15D or 15E.

Annotations

F1: Sch. 19 paras. 15-15Z5 and cross-headings substituted for Sch. 19 paras. 15-23 (with effect in accordance with Sch. 9 para. 35 of the amending Act) by Finance Act 2018 (c. 3), Sch. 9 para. 2