Regulation 6 Nomination arrangements

(1)

This regulation contains provision about an arrangement under paragraph 6 of Schedule 17.

(2)

The parties to an arrangement must give notice to an officer of Revenue and Customs within 28 days of entering into it.

(3)

The notice must be in writing and signed by all the parties to the arrangement.

(4)

The notice must state—

(a)

the name of each party,

(b)

the tax reference of each party, and

(c)

which party is the nominated reporting body.

(5)

The parties to an arrangement are treated as having withdrawn from it if they fail to give notice in accordance with paragraphs (2) to (4).

(6)

A party to an arrangement is treated as having withdrawn from it if that party ceases to be controlled by the foreign parent.

(7)

A party which withdraws from or is treated as having withdrawn from an arrangement must give notice in writing of that fact to an officer of Revenue and Customs and to any other party to the arrangement within 28 days of the date of withdrawal or, as the case may be, the date on which it ceases to be controlled by the foreign parent.