Taxation (International and Other Provisions) Act 2010

[F1 Elections U.K.

Textual Amendments

F1 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)

12 (1) An election to which this paragraph applies must be made in an interest restriction return for the period of account (or, as the case may be, the first period of account) to which the election relates. U.K.

(2) If an election to which this paragraph applies is capable of being revoked, the revocation must be made in an interest restriction return for the period of account (or, as the case may be, the first period of account) to which the revocation relates.

(3) This paragraph applies to the following elections—

(a) a group ratio election (see paragraph 13);

(b) a group ratio (blended) election (see paragraph 14);

(c) a group-EBITDA (chargeable gains) election (see paragraph 15);

(d) an interest allowance (alternative calculation) election (see paragraph 16);

(e) an interest allowance (non-consolidated investment) election (see paragraph 17);

(f) an interest allowance (consolidated partnerships) election (see paragraph 18);

(g) an abbreviated return election (see paragraph 19).]

Modifications etc. (not altering text)

C1 Sch. 7A para. 12(2) applied (15.3.2018) by Finance Act 2018 (c. 3), Sch. 8 para. 23(3)