Paragraph 10 F1

(1)

This paragraph makes provision for the purposes of this Part of this Act about whether a company is a “consenting company” in relation to an interest restriction return submitted by a reporting company.

(2)

The company is a “consenting company” in relation to the return if, before the return is submitted—

(a)

it has notified F2the reporting company in relation to the period of account that it wishes to be a consenting company in relation to interest restriction returns submitted by the reporting company, and

(b)

it has not notified F3the reporting company that it no longer wishes to be a consenting company in relation to such returns.

F4(3)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(4)

The company is a “non-consenting company”, in relation to the return, if it is not a consenting company in relation to the return.

Annotations

Textual amendments

F1: 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)
F2: Words in Sch. 7A para. 10(2)(a) substituted (with effect in relation to periods of account ending on or after 31.3.2026) by Finance Act 2026 (c. 11), s. 61(11)(a)(i)(21)
F3: Words in Sch. 7A para. 10(2)(b) substituted (with effect in relation to periods of account ending on or after 31.3.2026) by Finance Act 2026 (c. 11), s. 61(11)(a)(ii)(21)
F4: Sch. 7A para. 10(3) omitted (with effect in relation to periods of account ending on or after 31.3.2026) by virtue of Finance Act 2026 (c. 11), s. 61(11)(b)(21)