COM110092 - Pursuit: automatic and clerical pursuit: legislation: pursuit at the debt management office
The table below gives a brief explanation of what the legislation relevant to this subject contains
Section | Explanation |
|---|---|
60 (1) Taxes Management Act (TMA) 1970 | When the tax becomes due and payable the Collector shall make demand of sums in charge to collect |
87A TMA 1970 | The legislation for charging late payment interest on mainstream CT in particular situations |
S458 Corporation Tax Act (CTA) 2010 (formerly S419(4) Income and Corporation Tax Act (ICTA) 1988) | Allows relief to be given in respect of the repayment or part repayment of a loan or advance made by a close company |
Schedule 16 ICTA 1988 | The rules for the recovery of Income Tax on company payments which are not distributions |
Paragraph 17 Schedule 18 FA 1998 | A company required to deliver a tax return and fails to do so is liable to a flat-rate penalty |
Paragraph 18 Schedule 18 FA 1998 | A company is liable to a tax-related penalty if required to deliver a tax return and fails to do so, Within 18 months after the end of the Accounting Period (AP) or, if later By the filing date (see Glossary) |