Taxation (International and Other Provisions) Act 2010

This section has no associated Explanatory Notes

[F170(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 [F2must amend] its company tax return for the accounting period so as to correct the information.

[F3(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

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)

F2Words 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)

F3Sch. 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)