COM153051 - CT Pay and File: claims / reliefs: ACT: legislation: surrender surplus ACT caused by loss carry-back
The table below gives a brief explanation of what the legislation relevant to this subject contains.
| Section | Explanation |
| 87A(6) TMA 1970 | Rules for determining the amount of late payment interest payable when a trade loss is carried back to an AP not falling wholly within the previous 12 months. |
| 240 ICTA 1988 | Set-off a company’s surplus ACT against the liability of a subsidiary. |