Related Commentary  Related HMRC Manuals

376(1)  This section applies where–

(a)a worldwide group is subject to interest restrictions in a period of account of the group (“the relevant period of account”),

(b)the relevant date has passed, and

(c)condition A, B or C is met.

376(2)  In this section “the relevant date” means–

(a)where the appointment of a reporting company has effect in relation to the relevant period of account, the filing date in relation to the period (see paragraph 7(5) of Schedule 7A);

(b)otherwise, the last day of the period of 12 months beginning with the end of the relevant period of account.

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