Section 500 — Corporation Tax Act 2009: Exclusion of interest where failure to make return

Exclusion of interest where failure to make return 500 1 This section applies if for any accounting period a registered society is obliged to make a return under section 887(2) of ITA 2007.

2 If the society has not made the return within 3 months after the end of the period, no interest paid by it in the period is to be brought into account for the period for the purposes of Part 5.

3 It does not matter for the purposes of subsection (2) whether the payment would be interest apart from section 499.