European Economic Interest Grouping - EEIG7
General introduction
Responsibility for dealing with the taxation of the income and gains of EEIGs and with relief for losses and expenditure is allocated as follows:
LARGE BUSINESS OFFICE (LBO)
This District will receive details of all EEIGs with their official address in the UK or with a registered establishment here and of their membership.
- It will notify the Districts of UK members that their taxpayers are members of an EEIG.
- It will issue returns to EEIGs.
- It will advise members' Districts as to the members' assessability in respect of the income and gains of the EEIG, whether or not the EEIG is registered in the UK.
- It will seek to agree figures centrally for trading profits, losses and capital allowances and will advise Districts accordingly.
- It will pass to members' Districts information from the EEIG accounts and returns concerning the other income, gains and expenditure of the EEIG and the allocation of these among the members.
- It will deal with the issue of certificates under the Construction Industry Tax Deduction Scheme to EEIGs which are subcontractors and will ensure that EEIGs which are contractors fulfil their obligations under the scheme.
- It will deal with any liabilities of EEIGs under ICTA88/SCH16.
- It will deal with, or act as liaison with Head Office for, any queries arising in members' Districts regarding the taxation treatment of EEIG members, whether or not the EEIG is registered in the UK.
- OTHER DISTRICTS
The District in which an EEIG has its place of business will be responsible for the EEIG's PAYE scheme.
The District of an EEIG member will be responsible for assessing the trading profits, other income, and gains of the EEIG on the member.
- It will allow trading losses and capital allowances to the member.
- It will give relief for non-trading expenditure of the EEIG to the member subject to the normal rules.
- It will deal with claims to repayment by EEIG members under ICTA88/SCH16.
- It will deal with claims to repayment by EEIG members under the Construction Industry Tax Deduction Scheme.
