92 Group relief: consequences of reduction in surrenderable amount
Finance Act 1999 (1999 c 16) | Legislation

92  Group relief: consequences of reduction in surrenderable amount

(1)     Part VIII of Schedule 18 to the Finance Act 1998 (claims for group relief) is amended as follows.

(2)     In paragraph 75 (reduction in amount available for surrender by way of group relief)—

(a)     in sub-paragraph (1), for “amount available for relief” substitute “total amount available for surrender”; and

(b)     in sub-paragraphs (2) and (4), before “amount available for surrender” insert “total”.

(3)     After that paragraph insert—

“Assessment on other claimant companies

75A

(1)     This paragraph applies where, after the surrendering company has given notice of consent to surrender, a claimant company (“the chargeable company”) has become liable to tax in consequence of receiving—

(a)     notice of the withdrawal

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