Textual Amendments
F1Sch. 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)
74U.K.A person is not liable to a penalty under any provision of this Schedule in respect of anything in respect of which the person has been convicted of an offence.
75U.K.Notice of an appeal under this Schedule must specify the grounds of appeal.
76(1)This paragraph applies to an amount stated in an interest restriction return submitted under paragraph 7 or 8 (“the interest restriction return”), other than an amount that is also stated in a company tax return.U.K.
(2)If the amount can no longer be altered, it is taken to be conclusively determined for the purposes of the Corporation Tax Acts.
(3)An amount is regarded as one that can no longer be altered if—
(a)the interest restriction return has not been superseded by a subsequent interest restriction return;
(b)the applicable time limit has passed;
(c)any enquiry into the interest restriction return has been completed;
(d)if the closure notice in relation to an enquiry into the interest restriction return contained a statement under paragraph 49(2)(b), the period within which an appeal against the statement may be brought has ended; and
(e)if such an appeal is brought, the appeal has been finally determined.
(4)For the purposes of sub-paragraph (3) the “applicable time limit” means the time limit in paragraph 8(3) or, in a case where paragraph 57(2) or (4) applies and imposes a later time limit for submission of the interest restriction return, that later time limit.
(5)Nothing in this paragraph affects—
(a)the power under paragraph 42 (extended time limits for opening enquiries: discovery of errors), or
(b)any power to make a determination under paragraph 56 or 58 (determinations by officers of Revenue and Customs).]