Textual Amendments
F1Sch. 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)
28(1)An officer of Revenue and Customs may amend an interest restriction return submitted by a company so as to correct—U.K.
(a)obvious errors or omissions in the return (whether errors of principle, arithmetical mistakes or otherwise), and
(b)anything else in the return that the officer has reason to believe is incorrect in the light of information available to the officer.
(2)A correction under this paragraph is made by notice to the company.
(3)A correction under this paragraph must not be made more than 9 months after the day on which the return was submitted.
(4)A correction under this paragraph is of no effect if the company—
(a)revises the return so as to reject the correction, or
(b)after the end of the period mentioned in paragraph 8(3)(a) or (b) but within 3 months from the date of the issue of the notice of correction, gives notice rejecting the correction.
(5)Notice under sub-paragraph (4)(b) must be given to the officer of Revenue and Customs by whom notice of the correction was given.]