Regulation 11 Amendment of the notional allowance statement

(1)

B or the nominated company may by notice amend the notional allowance statement to amend the allocation of notional allowance.

(2)

The notice must—

(a)

be made in writing to HMRC;

(b)

be received by HMRC before whichever is the latest of—

(i)

12 months after date in regulation 10(2)(b)(i), and

(ii)

the latest of the dates in regulation 10(2)(b)(ii) to (iv);

(c)

be signed by the appropriate person in relation to B or the nominated company, as the case may be; and

(d)

specify the amendment to the specification required by regulation 10(2)(f) and specify any increase or decrease in the notional allowance allocated.