Repayments / reallocations: non automatic reallocations: legislation: reallocation out of 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)||Authority to make an assessment upon a company when it has made a loan to a participator.|
|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.|