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HMRC internal manual

Corporate Finance Manual

Debt cap: appointment of the authorised company: appointment to cover both statements

This guidance applies to worldwide group periods of account ending before or straddling 1 April 2017.

When an authorised company is appointed for statements of allocated disallowance and statements of exemption {#}

It is possible that a company may be appointed as the authorised company for both statements of allocated disallowances and statements of allocated exemptions. This is acceptable as long as the appointment criteria for each type of statement are met.

Although the information needed to support both applications is the same (see CFM91470) there may be different companies involved in the separate applications. This is because an authorised company for allocated disallowances acts on behalf of relevant group companies whereas an authorised company for allocated exemptions acts for the UK group companies.