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)
Textual Amendments
F2Sch. 7A para. 70 cross-heading substituted (with effect in accordance with Sch. 8 para. 25 of the amending Act) by Finance Act 2018 (c. 3), Sch. 8 para. 15(4)
70(1)If—U.K.
(a)a company has delivered a company tax return for an accounting period, but
(b)as a result of the submission of an interest restriction return, information contained in the company tax return is incorrect (for example, there is a change in the amount of profits on which corporation tax is chargeable),
the company [F3must amend] its company tax return for the accounting period so as to correct the information.
[F4(1A)The amendment must be made before whichever is the later of—
(a)the end of the period of 3 months beginning with the day on which the interest restriction return was submitted, or
(b)the time limit given by paragraph 15(4) of Schedule 18 to FA 1998.]
(2)If—
(a)a notice of determination under paragraph 56 or 58 is given to a company in relation to an accounting period, and
(b)the company has already delivered a company tax return for the period,
the company is treated as having amended its company tax return to take account of the determination.]
Textual Amendments
F3Words in Sch. 7A para. 70(1) substituted (with effect in accordance with Sch. 8 para. 25 of the amending Act) by Finance Act 2018 (c. 3), Sch. 8 para. 15(2)
F4Sch. 7A para. 70(1A) inserted (with effect in accordance with Sch. 8 para. 25 of the amending Act) by Finance Act 2018 (c. 3), Sch. 8 para. 15(3)