SCHEDULES

C1SCHEDULE 15Tax treatment of financing costs and income

Annotations:
Modifications etc. (not altering text)
C1

Sch. 15 modified (21.7.2009 retrospective) by Finance (No. 3) Act 2010 (c. 33), Sch. 5 para. 36(2)

Part 3Disallowance of deductions

Company tax returns

23

1

This paragraph applies where—

a

a company to which this Part applies has delivered a company tax return for a relevant accounting period, and

b

as a result of the submission of a revised statement of allocated disallowances under paragraph 20—

i

there is a change in the amount of profits on which corporation tax is chargeable for the period, or

ii

any other information contained in the return is incorrect.

2

The company is treated as having amended its company tax return for the accounting period so as to reflect the change mentioned in sub-paragraph (1)(b)(i) or to correct the information mentioned in sub-paragraph (1)(b)(ii).