COM122082 - Repayments/reallocations: non automatic reallocations: legislation: reallocations in a debt management office
The table below gives a brief explanation of what the legislation relevant to this subject contains
Section | Explanation |
86 TMA 1970 | Enables the charging of interest on overdue income tax and capital gains tax. |
87 TMA 1970 | Enables the charging of interest on overdue ACT and IT CP. |
88 TMA 1970 | Enables the charging of interest on tax recovered to make good loss due to company’s fault. |
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. |