Paragraph 4 F1

In section 11AB(1) (power to enquire into return of profits), after paragraph (c) (which is inserted by paragraph 2 of Schedule 19 to this Act), there shall be inserted

“or

(d)

if it appears to the officer that a return delivered in response to a section 11 notice—

(i)

is or may be a return for the wrong period, or

(ii)

has become a return for the wrong period as a result of a direction under section 12(5A) of the principal Act,

the period for which the return should have been made;”.

After subsection (3) of that section there shall be inserted the following subsections—

“(4)

For the purposes of subsection (1)(d) above a return is a return for the wrong period in each of the cases set out below.

(5)

The first case is where—

(a)

the return is made for a period which ends in or at the end of the period specified in the section 11 notice and which in the return is treated as an accounting period; but

(b)

the period for which the return is made is not an accounting period of the company.

(6)

The second case is where—

(a)

the return is made for a part of the period specified in the section 11 notice which in the return is treated as not falling within an accounting period of the company; but

(b)

there is an accounting period ending in or at the end of the period specified in the section 11 notice.”