15U.K.In—
(a)paragraph 1(4)(a) of Schedule 7A (period for appointing a group's reporting company), and
(b)paragraph 2(4)(a) of that Schedule (period for revoking appointment),
for “six months” substitute “ 12 months ”.
16U.K.In paragraph 7(5) of Schedule 7A (meaning of “the filing date”)—
(a)for paragraph (b) substitute—
“(b)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,”, and”
(b)after that paragraph insert—
“whichever is the later”
17(1)In paragraph 7 of Schedule 7A (submission of interest restriction returns), after sub-paragraph (5) insert—U.K.
“(5A)For an extension of the filing date in the case of a takeover, see paragraph 7A.”
(2)After that paragraph insert—
“7A(1)This paragraph applies if—
(a)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
(b)the time at which that happens is within 12 months of the beginning of the affected period.
(2)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—
(a)the date given by paragraph 7(5), and
(b)the end of the period of 24 months beginning with the affected period.”
18U.K.In paragraph 20 of Schedule 7A (required contents of interest restriction return: full returns and abbreviated returns), after sub-paragraph (5) insert—
“(5A)In addition to the matters required to be included in an interest restriction return in accordance with sub-paragraph (3) or (5), the return must include such other specified information as may reasonably be required for the purposes of this Part of this Act.
(5B)In sub-paragraph (5A) “specified” means specified in a notice published by Her Majesty's Revenue and Customs (and different information may be specified for different purposes).”