Commentary

D1.1450 Corporate interest restriction (CIR)—returns

Corporate tax
Corporate tax | Commentary

D1.1450 Corporate interest restriction (CIR)—returns

Corporate tax | Commentary

Corporate interest restriction—returns

D1.1450 Corporate interest restriction (CIR)—returns

Full interest restriction return—obligation to file and filing deadline

Where a reporting company has been appointed by the group or by HMRC, then an interest restriction return must be submitted to HMRC before the filing date in relation to the period of account. Where the filing date would be a date before 30 June 2018, for these purposes the filing date is treated as being 30 June 20181. HMRC has published guidance on how to submit full or abbreviated corporate interest restriction returns. Where the reporting company was appointed by HMRC to replace a previous reporting company, then it also must submit a return unless a return has already been submitted. The filing date is twelve months from the end of the period of account of the worldwide group or, if later and (with effect from 12 February 2019) where the reporting company was appointed by HMRC, three months after the date on which the reporting company was appointed2. For periods of account in which the take over occurs that ended on or after 29 October 2019, an extended deadline for the submission of an interest restriction return applies where the ultimate parent company of the worldwide group is taken over3.

A short period of grace for later filing of the interest restriction return is permitted for companies with period ends falling before 30 June 2017. Those companies can submit a return provided it is filed on or before 30 June 20184.

The

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