COM128042 - Repayments/reallocations: CTPF material dates

For CT Pay and File Accounting Periods (APs) the material date is the later of: 

  • The due date, which is the date in 

  • Table A below (No carry- backs) 

  • Table B below (Carry- backs) 

  • The date the tax being repaid was paid 

 

Table A 
CTITSC60S2442S419FID
No carry- backs
Due Date 
Due Date 
Due Date 

Due Date 

Note 1


See Table B below

Due Date 

Note 2 


Please notes the following: 

  1. Claims under Section 242 (S242) Income and Corporation Taxes Act (ICTA) 1988 were abolished for APs beginning on or after 02/07/97. 

  2. The material date is the CT due date for the AP but there is no entitlement to repayment before the material date has been reached. 


Table B
CT, IT, S242 tax credits or CIS25 tax overpaid because of a carry-back of trade losses to a period not wholly within preceding 12 months 

Due Date of AP in which losses arise 

Section 826 (S826)(7A) Income and Corporation Taxes Act (ICTA) 1988


CT, IT, S242 tax credits or CIS25 tax overpaid because of a carry-back of trade losses to a period wholly within preceding 12 months 

Due Date of AP for which the tax was overpaid 

S826(2) ICTA 1988 


CT, IT, S242 credits or CIS25 tax overpaid because of carry-back of non-trading deficit on loan relationships

Due Date of AP in which deficit arise 

S826(7C) ICTA 1988 


CT, IT, S242 tax credits or CIS25 tax overpaid because of a carry- back of surplus ACT 

Due Date of AP of surplus ACT 

S826(7A) ICTA 1988 


CT, IT, S242 tax credits or CIS25 tax overpaid because of the set off of surplus ACT released by the carry- back of trade losses to a period not wholly within immediately preceding 12 months 

Due Date of AP in which the losses arise 

S826(7AA) ICTA 1988 


CT, IT or CIS25 tax overpaid because of the set off of surplus ACT released by the carry- back of non-trading deficit on loan relationships 

Due Date of AP in which deficit arises 

S826(7CA) ICTA 1988 


S419(4) for loans made in APs ending after 30/09/93 but before 31/03/96 

The date the loan, or part, was repaid 

S826(4) ICTA 1988 


S419(4) for loans made in APs ending on or after 31/03/96 and not starting on or before 01/07/99

Due Date is later of: 

  • the Due Date for the AP in which the loan was made, (if the loan or part is repaid before 9 months after the end of that AP) 

  • the Due Date for the AP in which the loan, or part, was repaid, (if the loan was repaid more than 9 months after the end of the AP in which it was made 

S826(4) ICTA 1988