The Commissioner for Revenue notifies that the Guidelines in relation to the Consolidated Group (Income Tax) Rules have been updated as follows:

• paragraphs (xiv) and (xv) have been updated to include further technical clarifications regarding Rule 6(2).

• paragraph (xviii) has been replaced to include clarifications regarding Rule 11 - Consolidated audited accounts. Annex 1 has also been added outlining items that may be excluded from the notes to the consolidated audited accounts.

• paragraphs (xviii) and (xix) have been renumbered accordingly.

The updated guidelines are available here.