Paragraph 114

(1)

Paragraph 70 (consent to surrender) is amended as follows.

(2)

For sub-paragraph (1) substitute—

“(1)
In accordance with Requirement 1 in section 130(2), 135(2), 188CB(3) or (as the case may be) 188CC(3) of the Corporation Tax Act 2010, a claim requires the consent of the surrendering company.”

(3)

In sub-paragraph (4) omit “for group relief”.

(4)

In sub-paragraph (6)—

(a)

after “means” insert

“— ”,
(a)

(b)

at the end insert—

“,
(b)
a claim for group relief for carried-forward losses under section 188CB of that Act based on consortium condition 1 or 2 (see Requirement 3 in that section), and
(c)
a claim for group relief for carried-forward losses under section 188CC of that Act based on consortium condition 3 or 4 (see Requirement 3 in that section).”