COM122063 - 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.
Section | Explanation |
87A Taxes Management Act (TMA) 1970 | Imposes late payment interest on late payments of tax made by companies. |
455 Corporation Tax Act (CTA) 2010 (formerly 419 Income and Corporation Taxes Act (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. |