[F157(1)Sub-paragraph (2) applies where—U.K.
(a)a notice of determination under paragraph 56 is given to a company, and
(b)at the time the notice is given, no interest restriction return for the relevant period of account has been submitted under paragraph 7.
(2)Despite the passing of the time limit in paragraph 7(6), an interest restriction return for the relevant period of account submitted under paragraph 7 has effect if it is received before the end of the period of 12 months beginning with the date on which the notice is given.
(3)Sub-paragraph (4) applies where—
(a)a notice of determination under paragraph 56 is given to a company, and
(b)at the time the notice is given, an interest restriction return for the relevant period of account has been submitted under paragraph 7.
(4)Despite the passing of the time limit in paragraph 8(3), an interest restriction return for the relevant period of account submitted under paragraph 8 has effect if it is received before the end of the period of 12 months beginning with the date on which the notice is given.
(5)In this paragraph “the relevant period of account” means the period of account to which the determination in question relates.]
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)