[F161(1)This paragraph applies where condition A or B is met in relation to a period of account of a worldwide group.U.K.
(2)Condition A is that—
(a)no appointment of a reporting company has effect in relation to the period of account, and
(b)as a result of sub-paragraph (4)(a) of paragraph 1, an appointment of a reporting company under that paragraph that has effect in relation to the relevant period of account is no longer possible.
(3)Condition B is that—
(a)an appointment of a reporting company has effect in relation to the period of account,
(b)a full interest restriction return has not been submitted in accordance with this Part for the period, and
(c)the filing date in relation to the period has passed (see paragraph 7(5)).
(4)A company that was a UK group company at any time during the period of account may, by notice, require any other such company to provide it with information that it needs for the purpose of determining whether, or the extent to which, it is required to leave tax-interest expense amounts out of account, or bring them into account, under this Part of this Act.
(5)A notice under sub-paragraph (4) must specify the information to be provided.
(6)The duty to comply with a notice under sub-paragraph (4) is enforceable by the company that gives the notice.]
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)