Claims / reliefs: ACT: legislation: surplus ACT created by loss carry-back
The table below gives a brief explanation of what the legislation relevant to this subject contains.
|87A(7) TMA 1970||Rules for determining the amount of late payment interest payable when:|
- liability to CT is met by surplus ACT displaced by a loss carry-back
the ACT is itself carried back to an earlier AP. 826(7AA) ICTA 1988 Restricts repayment interest when:
- ACT is made surplus because of a loss carry-back
the ACT itself is carried back to a CT Pay and File AP.