SCHEDULES
F1SCHEDULE 7AInterest restriction returns
PART 2Contents of interest restriction return
Statement of allocated interest reactivations
25
1
The statement of allocated interest reactivations required by paragraph 20(3)(f) to be included in a full interest restriction return must—
a
list one or more companies that are UK group companies at any time during the return period,
b
in relation to each company listed under paragraph (a), specify an amount, and
c
show the total of the amounts specified under paragraph (b).
2
The amount specified under sub-paragraph (1)(b) in relation to a company is referred to in this Part of this Act as the “allocated reactivation” of the company for the return period.
3
The allocated reactivation of a company for the return period—
a
must not exceed the amount available for reactivation of the company in the return period (see paragraph 26), and
b
must not be a negative amount.
4
The sum of the allocated reactivations for the return period of the companies listed in the statement must equal—
a
the sum of the amounts available for reactivation of each company in the return period, or
b
if lower, the interest reactivation cap of the worldwide group in the return period.
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)