# Taxation (International and Other Provisions) Act 2010, Paragraph 11B


(1) Liability to a penalty under paragraph 11A does not arise if, in reliance on paragraph 1A, a company is, at any time up to the end of the period of 18 months after the end of the period of account, appointed as the group’s reporting company for the period of account.
(2) Liability to a penalty under paragraph 11A also does not arise if—
(a) without being prompted by an officer of Revenue and Customs to do so, the company notified an officer of Revenue and Customs of the circumstances mentioned in paragraph 11A(1), or
(b) there is a reasonable excuse for failing to appoint a reporting company before the return was submitted.
(3) If there is a reasonable excuse for the failure but the excuse has ceased, the excuse is to be treated as having continued if a reporting company is appointed without unreasonable delay after the excuse ceased.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/schedule/7A/paragraph/11B (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-7A/paragraph-11B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.