Taxation (International and Other Provisions) Act 2010 section 67

References to checking an interest restriction return etc.

Section 67 defines what is meant by "checking" an interest restriction return and clarifies that references to a worldwide group include groups that HMRC merely suspects may exist.

• Checking an interest restriction return covers determining whether a return should be submitted for a period of account of a worldwide group.
• It also includes establishing whether a worldwide group is or may be subject to interest restrictions, and if so, working out the group's total disallowed amount.
• Checking extends to determining the membership of a worldwide group, including which members qualify as UK group companies.
• References to a worldwide group include any group that an HMRC officer suspects may exist, even if this has not yet been confirmed.