Taxation (International and Other Provisions) Act 2010 section 60

Provision of information to and by the reporting company

Section 60 sets out the obligations for sharing information between the reporting company and the other UK group companies, both in preparing the interest restriction return and after it has been submitted or enquired into.

• The reporting company can formally require any UK group company to provide information it needs to fulfil its duties under the corporate interest restriction rules.
• Any such notice must specify the information required, and the obligation to comply is legally enforceable by the reporting company.
• After submitting an interest restriction return to HMRC, the reporting company must send a copy to every company that was a UK group company during the relevant period of account, as soon as reasonably practicable.
• If HMRC issues a closure notice following an enquiry into a return, the reporting company must promptly send a copy of that notice to every UK group company covered by the period under enquiry.