COM122013 - Repayments / reallocations: non automatic reallocations: legislation: reallocation into COTAX - responsible CT office

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

Section	Explanation
86 TMA 1970	Enables the charging of interest on overdue income tax and capital gains tax.
87 TMA 1970	Enables the charging of interest on overdue ACT and IT CP.
87A TMA 1970	Imposes late payment interest on late payments of tax made by companies.
88 TMA 1970	Enables the charging of interest on tax recovered to make good loss due to company’s fault.
455 CTA 2010 (formerly 419 ICTA 1988)	Assessments made in respect of loans or advances to participators, or associates of participators.
825 ICTA 1988	Allows the payment of repayment supplement.
826 ICTA 1988	Allows the payment of repayment interest.
SCH 13 ICTA 1988	Machinery for collecting ACT on distributions made by companies.
SCH 16 ICTA 1988	Machinery for collecting Income Tax on certain interest payments made by companies.
178 FA 1989	Enables the setting of interest rates by the Treasury.