Debt cap: appointment of the authorised company: appointing an authorised company for allocating disallowances
The procedure for appointing an authorised company for statements allocating disallowances.
An application to appoint an authorised company has to be in writing and must be made not later than 9 months after the end of the relevant period of account. The appointment application has to be signed by the appropriate person for each relevant group company that was such a company at any time during the relevant period of account.
The application should be made by the company that is applying to be the authorised company, to the tax office that deals with its corporation tax affairs. The application needs to contain information required by The Corporation Tax (Financing Costs and Income) Regulations 2009 for both the applicant company and the relevant group companies to which TIOPA10/PT7/CH3 applies. Further details of the information needed to support the application is in CFM91470.
Once a company is appointed as the authorised company the appointment continues until it is revoked.