HMRC has updated its guidance with confirmation that groups to whom the restriction applies have twelve months from the end of the relevant accounting period to appoint a reporting company. The time allowed was previously six months.
The change was made by Finance Act 2019 Sch 11, with effect from 12 February 2019 (royal assent).
The main guidance is now contained in the Corporate Finance Manual at CFM95000 onwards. The draft version of the guidance made available during preparation of the CFM chapter has now been withdrawn.
HMRC has updated its guidance with confirmation that groups to whom the restriction applies have twelve months from the end of the relevant accounting period to appoint a reporting company. The time allowed was previously six months.
The change was made by Finance Act 2019 Sch 11, with effect from 12 February 2019 (royal assent).
The main guidance is now contained in the Corporate Finance Manual at CFM95000 onwards. The draft version of the guidance made available during preparation of the CFM chapter has now been withdrawn.
