CTM97680 | CTSA: group relief: simplified arrangements: members of the same group

Regulation 3(1) SI1999/2975

In a simplified arrangement (CTM97650) the authorised company (CTM97660) and the authorising companies (CTM97670) must be members of the same group of companies. A ‘group of companies’ is ‘a collection of companies such that every pair of companies within that collection comprises companies that are members of the same group of companies within the meaning of CTA10/S152 (previously S413 ICTA88).

A company, which is owned by a consortium of which one of the companies in the group is a member (CTM80555), may also enter into a simplified arrangement.