COM153012 - CT Pay and File: claims / reliefs: ACT: legislation: COTAX treatment of ACT carry-back

The table below gives a brief explanation of what the legislation relevant to this subject contains.

Section	Explanation
87A(4) TMA 1970	Rules for determining the amount of late payment interest payable when liability to CT is met by surplus ACT carried back.
87A(7) TMA 1970	Rules for determining the amount of late payment interest payable when the liability to CT is met by surplus ACT displaced by a loss carry-back and the ACT is itself carried back to an earlier AP.
239(3) ICTA 1988	Set off surplus ACT against CT payable in earlier APs.
826(7) ICTA 1988	Rules for determining the amount of repayment interest payable when repayment of CT is created by the carry-back of surplus ACT.
826(7AA) ICTA 1988	Rules for determining the amount of repayment interest payable when a repayment of CT is created by surplus ACT displaced by a loss carry-back and the ACT is itself carried back to an earlier AP.