P schedule - Simplified arrangements group statement

Background

This schedule is a simplified arrangements declaration form for CTSA accounting periods. This replaces the statement made under SP 10/93 and enables an authorised company to administer group relief claims and surrenders for all participating group members. The main differences under the new arrangements include:

Automatic acceptance of an application to enter into the simplified group relief arrangements after a three month period.
If a return is under enquiry, this must be indicated (also shown on the O schedule (Group members)).
Non-coterminous periods are permitted within the new arrangements.

For a company to be included under these provisions, the Within Simplified Arrangements selector flagon the O schedule (Group members) should be set to 'Yes' (which is the default setting).

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Developing the schedule

This schedule is automatically developed in every group file.

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Completing the schedule

The schedule contains:-

A list of all the companies in the group included in the arrangement. These are the companies included within the B schedule (Group relief matrix) or group matrix.
The start and end of the accounting period for each of these companies.
The tax district and reference number for each company.
Information on whether the return for each company is subject to enquiry by HMRC. The enquiry status can only be set at the individual company level or through the Cortax system via the status dialog accessed by File, Properties, Status and moving the selector to 'Enquiry'.
A claim for relief and consent to surrender for all participating group members.

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P schedule - Simplified arrangements group statement

Background

Developing the schedule

Completing the schedule

Standard sub-schedules

Carry forward

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