COM120012 - Repayments / reallocations: overpayments: general: legislation

The table below gives a brief explanation of what the legislation relevant to this subject contains.

Section	Explanation
86 TMA 1970	Governs the charging of interest on overdue Income Tax and Capital Gains Tax.
87 TMA 1970	Governs the charging of interest on overdue ACT and IT-CP.
87A TMA 1970	Interest is charged from the due date to the date of payment.
88 TMA 1970	Governs the charging of interest on tax recovered to make good a loss to HMRC.
455 CTA 2010	Assessments made in respect of loans or advances to participators.
826 ICTA 1988	The repayment interest rules.