Regulation 5 Allowance allocation statement

(1)

The company that is, for the time being, the allocating member may submit an allowance allocation statement.

(2)

An allowance allocation statement must—

(a)

be made in writing to HMRC;

(b)

specify the start and end date of period A to which the statement relates;

(c)

be received by HMRC on or before the date 12 months after the end of period A;

(d)

specify the company that was the allocating member at the start of period A;

(e)

be signed by the appropriate person in relation to the allocating member;

(f)

identify the ultimate parent of group G;

(g)

specify the amount of the allowance for period A to which the statement relates;

(h)

specify the amount of any allowance allocated to the allocating member;

(i)

specify the RP developers to which an allowance is allocated and in relation to each specify—

(i)

the unique taxpayer reference,

(ii)

the start and end date of period B, and

(iii)

the amount of allowance allocated.