# Finance Act 1998, Paragraph 87

Extent: E+W+S+N.I.

(1) This paragraph applies where a company tax return is delivered by a friendly society which is required by section 5.2 of the IPRU (FSOC) to cause an investigation to be made into its financial condition at least once in every period of three years.
(2) Where this paragraph applies—
(a) the society may make any amendments of its return arising from the relevant investigation at any time within 15 months from the date as at which that investigation is carried out, and
(b) an officer of Revenue and Customs may give notice of enquiry into the return at any time up to 27 months from that date.
(3) “The relevant investigation” means—
(a) if the return is for a period as at the end of which there is carried out an investigation under section 5.2 of the IPRU (FSOC) into the financial condition of the society, that investigation;
(b) if the return is not for such a period, the first such investigation to be made into the financial condition of the company as at the end of a subsequent period.
(4) In this paragraph, “IPRU (FSOC)” means the Interim Prudential Sourcebook for Friendly Societies made by the Prudential Regulation Authority under the Financial Services and Markets Act 2000.

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Source: https://www.legislation.gov.uk/ukpga/1998/36/schedule/18/paragraph/87 (the official version)
Page: https://openlegislation.uk/finance-act-1998/schedule-18/paragraph-87
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.