Paragraph 7A F1F2
This paragraph applies if—
a period of account (“the affected period”) of a worldwide group (“the old group”) ends solely as a result of the ultimate parent of the old group becoming a member of a different worldwide group, and
the time at which that happens is within 12 months of the beginning of the affected period.
For the purposes of this Part of this Act the filing date in relation to the affected period of the old group is whichever is the later of—
the date given by paragraph 7(5), and
the end of the period of 24 months beginning with the affected period.
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. 7A inserted (with effect in accordance with Sch. 11 para. 25 of the amending Act) by Finance Act 2019 (c. 1), Sch. 11 para. 17(2)
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)