Regulation 3 Provision of services to members of the same groupI1

United Kingdom

(1)

A person (“A”) who carries on a relevant business is not to be treated as a promoter in relation to a notifiable proposal or a notifiable arrangement^f1 where—

(a)

A is a company;

(b)

A provides services to a company (“B”) in connection with—

(i)

the notifiable proposal on the relevant date; or

(ii)

the notifiable arrangement; and

(c)

B is a member of the same group as A.

(2)

In paragraph (1)—

“relevant business” has the same meaning as in paragraph 8(4) of the Schedule;
“the relevant date” has the same meaning as in paragraph 11(3) of the Schedule.

(3)

In paragraph (1)(c), whether B is a member of the same group as A is to be determined in accordance with paragraph 8(7) of the Schedule.

Annotations

Commencement

I1: Reg. 3 in force at 1.1.2018, see reg. 1

Footnotes

f1: See paragraph 3 of the Schedule for the definitions of “notifiable proposal” and “notifiable arrangements”.