Paragraph 61 F1
This paragraph applies where condition A or B is met in relation to a period of account of a worldwide group.
Condition A is that no appointment of a reporting company in relation to the period of account has been made before the end of the period of 12 months beginning with the end of the period of account.
Condition B is that—
an appointment of a reporting company has effect in relation to the period of account,
a full interest restriction return has not been submitted in accordance with this Part for the period, and
the filing date in relation to the period has passed (see paragraph 7(5)).
A company that was a UK group company at any time during the period of account may, by notice, require any other such company to provide it with information that it needs for the purpose of determining whether, or the extent to which, it is required to leave tax-interest expense amounts out of account, or bring them into account, under this Part of this Act.
A notice under sub-paragraph (4) must specify the information to be provided.
The duty to comply with a notice under sub-paragraph (4) is enforceable by the company that gives the notice.
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
Sch. 7A para. 61(2) substituted (with effect in relation to periods of account ending on or after 31.3.2026) by Finance Act 2026 (c. 11), s. 61(18)(21)