SCHEDULES
F1SCHEDULE 7AInterest restriction returns
PART 1The reporting company
Obligation of reporting company to submit interest restriction return
7
1
This paragraph applies where the appointment of a reporting company has effect in relation to a period of account of a worldwide group.
2
If the reporting company was appointed under paragraph 1 or 4, it must submit a return for the period of account to an officer of Revenue and Customs.
3
If the reporting company was appointed under paragraph 5, it must submit a return for the period of account to an officer of Revenue and Customs unless a return for the period has already been submitted under sub-paragraph (2) or this sub-paragraph.
4
A return submitted under this paragraph must be received by an officer of Revenue and Customs before the filing date in relation to the period of account.
5
In this Part of this Act “the filing date”, in relation to a period of account of a worldwide group, means—
a
the end of the period of 12 months beginning with the end of the period of account, or
F3b
if an appointment of a reporting company under paragraph 4 or 5 has effect in relation to the period of account, the end of the period of 3 months beginning with the day on which the appointment was made,
F4whichever is the later.
F25A
For an extension of the filing date in the case of a takeover, see paragraph 7A.
6
A return submitted under this paragraph is of no effect unless it is received by an officer of Revenue and Customs before—
a
the end of the period of 36 months beginning with the end of the period of account, or
b
if later, the end of the period of 3 months beginning with the day on which the reporting company was appointed.
This is subject to paragraph 57.
Sch. 7A inserted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 5 para. 2 (with Sch. 5 para. 28)