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Group Exemption Letter Template for England and Wales

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Key Requirements PROMPT example:

Group Exemption Letter

"Need a Group Exemption Letter for our UK manufacturing group of 5 companies to obtain relief from consolidated financial reporting requirements, to be effective from January 2025, with specific focus on our newly acquired subsidiaries."

Document background
A Group Exemption Letter is commonly used when corporate groups operating in England and Wales seek to streamline their regulatory or financial obligations. This document is particularly relevant when companies within a group structure want to benefit from specific exemptions available under UK legislation. The letter typically includes detailed information about the group structure, the nature of the exemption sought, legal justification, and any conditions that must be met to maintain the exemption. It serves as a formal record of the exemption granted and the terms under which it operates.
Suggested Sections

1. Group Identity: Clear identification of the group and its constituent companies, including registration numbers and addresses

2. Nature of Exemption: Detailed explanation of the specific exemption being requested or granted, with reference to relevant legislation

3. Legal Basis: Citations of relevant sections of the Companies Act 2006, Corporation Tax Act 2010, and other applicable legislation

4. Time Period: Specification of the duration for which the exemption is valid

5. Conditions: Clear statement of any conditions that must be met to maintain the exemption

Optional Sections

1. Reporting Requirements: Details of any ongoing reporting obligations required to maintain the exemption

2. Cross-Border Considerations: Specific provisions relating to international aspects of the group structure

3. Regulatory Notifications: Requirements for notifying relevant regulatory bodies about the exemption

Suggested Schedules

1. Schedule 1 - Group Structure Chart: Visual representation of the group structure showing all relevant entities and their relationships

2. Schedule 2 - Company Details: Comprehensive list of all group companies including registration numbers, registered offices, and directors

3. Schedule 3 - Supporting Documentation: List of all supporting documents provided as evidence for the exemption application

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




























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Industries

Companies Act 2006: Primary legislation defining group structures and subsidiary relationships, particularly Section 1159 which provides the legal definition of 'group' and 'subsidiary'

Corporation Tax Act 2010: Key legislation containing group relief provisions and defining groups for tax purposes

Finance Act: Current version of the Act detailing specific tax exemptions and reliefs applicable to groups

HMRC Guidelines and Notices: Regulatory framework covering group relief guidelines, VAT grouping rules, and transfer pricing regulations

FCA Regulations: Financial Conduct Authority regulations applicable when the group includes regulated entities

Retained EU Law: Post-Brexit EU-derived legislation affecting group structures and international tax treaties

Enterprise Act 2002: Competition law legislation relevant to group structures and exemptions

Competition Act 1998: Framework for competition law affecting group arrangements

UK GDPR: Data protection regulations affecting group-wide data sharing and processing

Data Protection Act 2018: UK's implementation of data protection requirements, relevant for group-wide data handling

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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