COM153021 - CT Pay and File: claims / reliefs: ACT: legislation: ACT carry-back and late payment interest

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

Section Explanation
   
87A TMA 1970 Interest on overdue CT.
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.
157 FA 1989 Rules for determining the amount of interest payable when liability to CT for a pre CT Pay and File AP is met by surplus ACT carried back.
239(3) ICTA 1988 Set off surplus ACT against CT payable in earlier APs.