The Authorised Investment Funds (Tax) Regulations 2006

[F1Company’s duty to deliver amended returnU.K.
This section has no associated Explanatory Memorandum

69Z35.—(1) This regulation applies if an open-ended investment company to which this Part applies makes a distribution, and then becomes aware that—

(a)anything which should have been included in a return delivered by the company under these Regulations has not been so included,

(b)anything which should not have been included in a return delivered by the company under these Regulations has been so included, or

(c)any other error has occurred in a return delivered by the company under these Regulations.

(2) The company must deliver an amended return correcting the error to an officer of Revenue and Customs without delay.

(3) If the company delivers an amended return such assessments, adjustments, setoffs or payments or repayments of tax as are necessary for achieving the objective mentioned in paragraph (4) must be made.

(4) The objective is that the resulting liabilities to income and corporation tax (including interest on unpaid or overpaid tax) of the company or any other person are the same as they would have been if a correct return had been delivered.]

Textual Amendments