CFM91500 - Debt cap: appointment of the authorised company: when the appointment will not be accepted
This guidance applies to worldwide group periods of account ending before or straddling 1 April 2017.
Refusing an application to appoint an authorised company
»Ê¹ÚÌåÓýapp application to be an authorised company can be refused by HMRC before the three month date only in the following circumstances. »Ê¹ÚÌåÓýappse are given by regulation 5(4) or regulation 20(4) of SI 2009/3173.
- If the specimen statement of allocated disallowances or exemptions is not adequate for the purposes of Part 7, chapters 3 or 4 (allocated disallowances and allocated exemptions), or
- If a company to which chapter 3 or 4 applies has been omitted from the list of relevant group companies or UK group companies appointing the authorised company.