726. Arrangements for payment of corporation tax on behalf of group members.

An officer of Revenue and Customs may enter into arrangements for the specified purpose with some or all of the members of a group1. For this purpose, arrangements entered into with some or all of the members of a group are for 'the specified purpose' if they are arrangements for one of those members to discharge any liability of each of those members to pay corporation tax for the accounting periods to which the arrangements relate