Paragraph 15

Paragraph 70 of Schedule 7A (cases where company treated as amending return) is amended as follows.

In sub-paragraph (1), for “is treated as having amended” substitute “ must amend ”.

After that sub-paragraph insert—

“(1A)

The amendment must be made before whichever is the later of—

(a)

the end of the period of 3 months beginning with the day on which the interest restriction return was submitted, or

(b)

the time limit given by paragraph 15(4) of Schedule 18 to FA 1998.”

For the italic heading before that paragraph substitute “ Other cases where company must amend its return etc ”.