Schedules
Schedule 3Corporate interest restriction etc.
Part 3Parts 1 and 2: commencement and transitional provision
32
1
The amendments made by paragraph 8 have effect for periods of account of worldwide groups ending on or after 6 April 2020.
2
Sub-paragraph (3) applies if—
a
in accordance with Schedule 7A to TIOPA 2010, a reporting company has submitted an interest restriction return for a period of account of a worldwide group ending—
i
on or after 6 April 2020, but
ii
before the day on which this Act is passed; and
b
any of the figures in the interest restriction return have become incorrect as a result of the amendments made by paragraph 8 (including as a result of an election made under section 413(7) of TIOPA 2010).
3
A revised interest restriction return submitted under paragraph 8 of Schedule 7A to TIOPA 2010 has effect (so far as that would not otherwise be the case) if it is received before the end of the period of 3 months beginning with the day on which this Act is passed.