Related Commentary  

5B(1)  Paragraphs (3) and (4) apply if on or after 31st March 2011 there is a relevant amendment–

(a)in relation to the accounting period of an entity (E) which is the chargeable member; or

(b)in relation to the accounting periods of E and any other chargeable member; and

as a consequence of the relevant amendment there is no chargeable member which meets, or would meet, the requirements of paragraph 54(3) or (5) of Schedule 19 (meaning of the responsible member) at the end of the chargeable period.

5B(2)  In relation to E and, where relevant, any other chargeable member a relevant amendment is an alteration to–

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