COM122022 - Repayments/reallocations: non automatic reallocations: legislation: S963 CTA 2010/Reg 9 surrender
The table below gives a brief explanation of what the legislation relevant to this subject contains.
Section | Explanation |
87A Taxes Management Act (TMA) 1970 | Imposes late payment interest on late payments of tax made by companies. |
455 Corporation Taxes Act (CTA) 2010 (formerly 419 Income and Corporation Taxes Act (ICTA) 1988) | Assessments made in respect of loans or advances to participators, or associates of participators. |
S963 CTA 2010 (formerly S102 Finance Act (FA) 1989) | Surrender of company tax refund within groups. |
S963 CTA 2010 extended by Reg 9 of the CT (Instalment Payments Regulations 1998 (SI 1998 No. 3175) as amended by Reg 3 of the CT Instalment Payments (Amendment) Regulations 1999 | Surrender of company tax refund within groups for large companies who pay by quarterly instalment payments. |