Repayments / reallocations: non automatic reallocations: legislation: reallocation within COTAX - responsible CT office
The table below gives a brief explanation of what the legislation relevant to this subject contains.
|87A TMA 1970||Imposes late payment interest on late payments of tax made by companies.|
|455 CTA 2010 (formerly 419 ICTA 1988)||Assessments made in respect of loans or advances to participators, or associates of participators.|
|826 ICTA 1988||Allows the payment of repayment interest.|
|963 CTA 2010 (formerly S102 FA 1989)||Surrender of company tax refund within the group.|
|963 CTA 2010 extended by Regulation 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 a group when one or the other company is a quarterly instalment payer.|