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 Taxes Management Act (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 Corporation Tax Act (CTA) 2010 | Assessments made in respect of loans or advances to participators. |
826 Income and Corporation Taxes Act (ICTA) 1988 | The repayment interest rules. |