SCHEDULES

F1SCHEDULE 7AInterest restriction returns

PART 2Contents of interest restriction return

Penalty for failure to deliver return

F229A

(1)

Liability to a penalty under paragraph 29 does not arise if the company has a reasonable excuse for failing to submit the return by the filing date.

(2)

If the company has a reasonable excuse for the failure but the excuse has ceased, the company is to be treated as having continued to have the excuse if the return is submitted without unreasonable delay after the excuse ceased.