Introduction Details of the Schedule Part 2 Paragraph 7
29.This paragraph sets out rules for the calculation of the amount recoverable from a related company in a consortium case.
30.Subparagraph (1) establishes the amount that a related company may be required to pay by notice under Part 2 of the Schedule by reference to the group and consortium relationship categories in paragraph 4(1).
31.Subparagraph (2) provides that, for the purposes of paragraph 7, a member’s share in a consortium is the lower of the percentages set out in subparagraph (3)(a)-(c).
32.Subparagraph (3) sets out the three percentage measures referred to in subparagraph (2).
33.Subparagraph (4) requires the calculation of an average percentage where the percentages set out above have fluctuated during the relevant period.
34.Subparagraph (5) applies Chapter 6 of Part 5 of the Corporation Tax Act 2010 for the purposes of subparagraph (3), as it is applies for the purposes of sections 143(3)(b) and (c) and 144(3)(b) and (c) of the Corporation Tax Act 2010.