»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp closing date for every Group Payment Period (GPP) is the later of

• »Ê¹ÚÌåÓýapp latest statutory for a return, out of all the filing dates of the participating companies for a GPP

And

• »Ê¹ÚÌåÓýapp day when you receive the last of these returns, or make a Revenue Determination of tax in the absence of a return

»Ê¹ÚÌåÓýapp Group Payment Team in Banking Operations use COTAX to issue a CT630 notice of closure to the Nominated Company, showing

• »Ê¹ÚÌåÓýapp payments held on the Group Payment Record (GPR) for that GPP
• »Ê¹ÚÌåÓýapp liabilities of the participating companies at the closing date

And

• Any under or overpayment

If there is an underpayment the notice requests payment and if there is an overpayment, it asks how it is to be dealt with.

»Ê¹ÚÌåÓýapp Group Payment Arrangement (GPA) contract requires the notice of closure to be issued to the Nominated Company and you can not record the details of an agent on the COTAX GPR record.

»Ê¹ÚÌåÓýapp notice asks the Nominated Company how it wants to apportion the payments between the participating companies. It may apportion payments to leave an underpayment on a particular participating company record. Any credit balance forms part of the monies to be apportioned unless the Nominated Company claims repayment within 30 days.

If the Group Payment Team receives disposal instructions within 30 days of the request, they apportion payments accordingly. If they receive no reply, or if amounts remain unapportioned, they use COTAX to issue a form CT631 Apportionment Notice showing how they propose to apportion the payments. »Ê¹ÚÌåÓýapp Nominated Company has a further 30 days to amend the proposal.

After all the payments have been apportioned, the GPA for that GPP is regarded as cleared and the GPP cannot be reopened, although in certain circumstances the payments can be reapportioned. »Ê¹ÚÌåÓýapp Group Payment Team does not specifically advise the Co-ordinating Technical Caseworker when the GPP is closed or cleared.

Once the GPP is closed or cleared, each participating company is treated, for all purposes except the calculation of tax related penalties, as having paid the amounts allocated to it on the dates they were actually paid by the Nominated Company. For more information about tax related penalties see the Company Taxation Manual (CTM) at CTM97570 and COM100000 onwards.

»Ê¹ÚÌåÓýapp GPA is of no further relevance for that AP. Any interest consequences are calculated on the basis of the payments allocated to the participators. If the tax liability of a participating company later changes, any further liability is its own responsibility and any repayment is made to it.

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

For a list of forms relevant to this subject, see COM96011.

For legislation applying to this subject, see COM96012.