24(1)Paragraph 56 of Schedule 7A (power of Revenue and Customs to make determinations where no return filed etc) is amended as follows.
(2)For sub-paragraph (1)(b) (but not the “and” at the end) substitute—
“(b)the filing date in relation to the relevant period of account has passed (see paragraph 7(5)),”.
(3)In sub-paragraph (1)(c)—
(a)omit “A,”;
(b)for “or C” substitute “, C or D”.
(4)Omit sub-paragraphs (2) and (3).
(5)After sub-paragraph (5) insert—
“(5A)Condition D is that—
(a)the appointment of a reporting company has effect in relation to the relevant period of account,
(b)the reporting company is required to submit a revised interest restriction return for the period under paragraph 8(4), and
(c)the time limit in paragraph 8(5) for the submission of the revised return has passed without the revised return being received by an officer of Revenue and Customs.”
(6)In sub-paragraph (9)—
(a)after “made” insert “—
(a)in a case where Condition D is met, after the end of the period of 12 months beginning with the expiry of the time limit mentioned in paragraph 8(5), and
(b)in any other case,”;
(b)for “the determination date” substitute “the filing date referred to in sub-paragraph (1)(b)”.