288 Lead member of a group and its qualifying periods
Finance (No 2) Act 2023 (2023 c 30) | Legislation

288  Lead member of a group and its qualifying periods

(1)     For the purposes of section 280(2) (meaning of qualifying period), the reference to an accounting period of a generating undertaking that is a group means an accounting period of its lead member.

(2)     Take the following steps in order to identify the lead member of the group (stopping at the first step under which a member of the group is identified as the lead member)—

Step 1
If there is a member of the group that—

(a)     is within the charge to corporation tax, and

(b)     is nominated for the purposes of this section,
that member is the lead member of the group.

Step 2
If the principal member of the group is within the charge to corporation tax, it is the lead member

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