Finance (No. 2) Act 1997

Returns U.K.

1 (1) The Board may by notice require any company which in their opinion is or may be a chargeable company to deliver to the Board a return complying with this paragraph. U.K.

(2) A company which has been required under this paragraph to deliver a return to the Board shall do so—

(a) except in a case where the Board’s notice requiring the return is given after 1st November 1997, on or before 1st December 1997; and

(b) in the excepted case, before the end of the period of 30 days beginning with the day after that on which that notice is given.

(3) A return delivered to the Board under this paragraph must—

(a) set out the amount of windfall tax (if any) with which the company is charged;

(b) contain all such information about the matters mentioned in sub-paragraph (4) below as the Board may reasonably require; and

(c) be accompanied by all such accounts, statements and other records as the Board may reasonably require.

(4) Those matters are—

(a) the method used for the computation of any amount set out in the return as the amount of windfall tax with which the company is charged;

(b) the accounts, statements and other records by reference to which the computation of any amount so set out has been made;

(c) any group of companies of which that company is or has at any time been a member; and

(d) any other matters relevant to the extent of any liability of the company under this Part.

(5) A return delivered to the Board under this paragraph—

(a) shall be in such form as the Board may require; and

(b) shall contain a declaration by the person making the return that it is correct and complete.

(6) Where—

(a) a company has delivered a return to the Board under this paragraph, and

(b) that return sets out any amount as the amount of windfall tax with which the company is charged,

that amount shall be taken, except in so far as any other amount is assessed or otherwise determined under the following provisions of this Schedule, to be the amount of windfall tax with which that company is charged.

(7) Where—

(a) the Board have, at any time before the passing of this Act, given notice to any company requiring it to deliver a return, and

(b) that notice stated that it was given in anticipation of the passing of this Act and that, in the opinion of the Board, the company is likely to be a chargeable company,

that notice shall have effect on and after the day on which this Act is passed as if it were a notice given on that day in exercise of the power conferred by sub-paragraph (1) above.