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HMRC internal manual

COTAX Manual

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Claims / reliefs: loss and non-trading deficits carry-back: legislation: claims to surrender losses and deficits

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

Section Explanation
   
87A(4A) TMA 1970 Rules for determining the amount of late payment interest payable when a non-trading deficit is carried back to an earlier AP.
87A(6) TMA 1970 Rules for determining the amount of late payment interest payable when a trading loss is carried back to an AP not falling wholly within the previous 12 months.