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HMRC internal manual

Company Taxation Manual

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HM Revenue & Customs
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ACT: FID: general: repayment interest

ICTA88/S246W (6) and ICTA88/S826 (2A)

The material date for a repayment under ICTA88/S246Q and ICTA88/S246N of ACT for an accounting period was nine months and one day from the end of the accounting period.

However, this rule did not apply for a repayment under ICTA88/S246W (2) (see CTM21560). In that case the material date was 14 days from the end of the accounting period. (See also CTM92240.)