Section 271 Election to make one member of a group liable for amounts charged

Where multiple members of a group are chargeable to domestic top-up tax in an accounting period, the filing member of the group may elect that only one member of the group specified in the election (the “F1elected member”) is to be liable to pay domestic top-up tax in that period.

Where an election under this section is made—

Subsection (2) does not apply if the F3elected member has not consented to the election.

Paragraph 2 of Schedule 15 (annual elections) applies to an election under this section, and has effect for that purpose as if references to an information return or overseas return notification were to a self-assessment return or below-threshold notification.