Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Company Taxation Manual

From
HM Revenue & Customs
Updated
, see all updates

Corporation Tax self-assessment (CTSA): the payment obligation: payment for surrendered tax refund

Any payment made between the surrendering and recipient companies in respect of a transferred tax refund is treated as having no tax consequences, that is:

  • it is not taken into account in computing profits or losses of either company for CT purposes, and
  • it is not regarded as a distribution or a charge on income.