SCHEDULES
F1SCHEDULE 7AInterest restriction returns
PART 4Enquiry into interest restriction return
Normal time limits for opening enquiry
41
1
This paragraph applies where an interest restriction return is submitted by a reporting company for a period of account.
2
Notice of enquiry may be given at any time before whichever is the latest of—
a
the end of the period of 39 months beginning with the end of the period of account;
b
F2... and
c
the end of 31 January, 30 April, 31 July or 31 October next following the first anniversary of the day on which an officer of Revenue and Customs receives the F3return or revised return.
3
If—
a
estimated information (or information deriving from estimated information) is included in an interest restriction return for a period of account in reliance on paragraph 27, and
b
a period of 36 months beginning with the end of that period of account has passed without the information becoming final,
notice of enquiry may be given at any time up to and including the end of the period of 12 months beginning with the end of that 36-month period.
4
This paragraph is subject to paragraph 42 (which allows notices of enquiry to be given after the time allowed by this paragraph or an enquiry previously closed to be re-opened).
Sch. 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)