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HMRC internal manual

COTAX Manual

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HM Revenue & Customs
Updated
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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.

Section Explanation
   
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.