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HMRC internal manual

COTAX Manual

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Claims / reliefs: loss and non-trading deficits carry-back: legislation: trade loss carry-back - leap year

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.
826(7A) ICTA 1988 Rules for determining the amount of repayment interest allowable when a trade loss is carried back to an AP not falling wholly within the previous 12 months.