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.