SCHEDULES

SCHEDULE 15Tax treatment of financing costs and income

Part 4Exemption of financing income

Statement of allocated exemptions: submission of revised statement

32

(1)

Where the reporting body has submitted a statement of allocated exemptions under paragraph 31 or this paragraph, it may submit a revised statement to HMRC.

(2)

A statement submitted under this paragraph must be received by HMRC within 36 months of the end of the relevant period of account.

(3)

A statement submitted under this paragraph must comply with the requirements of paragraph 33.

(4)

A statement submitted under this paragraph—

(a)

must indicate the respects in which it differs from the previous statement, and

(b)

supersedes the previous statement.