Paragraph 7 F1
United Kingdom
A reporting company appointed under paragraph 1 in relation to a period of account may submit a return for that period to an officer of Revenue and Customs.
A reporting company appointed under paragraph 4 in relation to a period of account must submit a return for that period to an officer of Revenue and Customs.
A reporting company appointed under paragraph 5 in relation to a period of account must submit a return for that period to an officer of Revenue and Customs unless a return for the period has already been submitted under sub-paragraph (1) or (2) or this sub-paragraph.
A return submitted under this paragraph must be received by an officer of Revenue and Customs before the filing date in relation to the period of account.
In this Part of this Act “the filing date”, in relation to a period of account of a worldwide group, means—
the end of the period of 12 months beginning with the end of the period of account, or
if an appointment of a reporting company under paragraph 4 or 5 has effect in relation to the period of account, the end of the period of 3 months beginning with the day on which the appointment was made,
F4whichever is the later.
For an extension of the filing date in the case of a takeover, see paragraph 7A.
A return submitted under this paragraph is of no effect unless it is received by an officer of Revenue and Customs before—
the end of the period of 36 months beginning with the end of the period of account, or
if the reporting company was appointed under paragraph 4 or 5, the later of—
the period mentioned in paragraph (a), and
the end of the period of 3 months beginning with the day on which it was appointed.
This is subject to paragraph 57.
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. 7(1)-(3) substituted (with effect in relation to periods of account ending on or after 31.3.2026) by Finance Act 2026 (c. 11), s. 61(8)(a)(21)
- F3
Sch. 7A para. 7(5)(b) substituted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 11 para. 16(a)
- F4
Words in Sch. 7A para. 7(5) inserted (12.2.2019) by Finance Act 2019 (c. 1), Sch. 11 para. 16(b)
- F5
Sch. 7A para. 7(5A) inserted (with effect in accordance with Sch. 11 para. 25 of the amending Act) by Finance Act 2019 (c. 1), Sch. 11 para. 17(1)
- F6
Sch. 7A para. 7(6)(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(8)(b)(21)
Notes on Submission of interest restriction returns by reporting companies
Textual amendments
- F2
Sch. 7A para. 7 cross-heading substituted (with effect in relation to periods of account ending on or after 31.3.2026) by Finance Act 2026 (c. 11), s. 61(9)(21)