Paragraph 6 F1

(1)

This paragraph applies where the appointment of a reporting company has effect in relation to a period of account of a worldwide group (“the relevant period of account”).

(2)

The reporting company must, as soon as reasonably practicable after F2the appointment is made, notify each relevant company that it is the group's reporting company in relation to the relevant period of account.

F3(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(4)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5)

The duty to comply with sub-paragraph (2) is enforceable by the company required to be notified under that sub-paragraph.

(6)

For the purposes of this paragraph a company is “relevant” if and only if the company meets condition A or B.

(7)

Condition A is that the company—

(a)

was a UK group company at a time during the relevant period of account, and

(b)

was not dormant throughout that period.

(8)

Condition B is that the company is the ultimate parent of the worldwide group.

Annotations

Textual amendments

F1: Sch. 7A inserted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 2 (with Sch. 5 para. 28)
F2: Words in Sch. 7A para. 6(2) substituted (with effect in relation to periods of account ending on or after 31.3.2026) by Finance Act 2026 (c. 11), s. 61(7)(a)(21)
F3: Sch. 7A para. 6(3) omitted (with effect in relation to periods of account ending on or after 31.3.2026) by virtue of Finance Act 2026 (c. 11), s. 61(7)(b)(21)
F4: Sch. 7A para. 6(4) omitted (with effect in relation to periods of account ending on or after 31.3.2026) by virtue of Finance Act 2026 (c. 11), s. 61(7)(b)(21)