COM122082 - Repayments / reallocations: non automatic reallocations: legislation: reallocations in a debt management office
The table below gives a brief explanation of what the legislation relevant to this subject contains
|
Section |
Explanation |
|
86 TMA 1970 |
Enables the charging of interest on overdue income tax and capital gains tax |
|
87 TMA 1970 |
Enables the charging of interest on overdue ACT and IT CP |
|
88 TMA 1970 |
Enables the charging of interest on tax recovered to make good loss due to company’s fault |
|
102 FA 1989 |
Surrender of company tax refund within the group |
|
102 FA 1989 extended by Regulation 9 of The CT (Instalment Payments Regulations 1998 (SI 1998 No. 3175) as amended by Reg 3 of The CT (Instalment Payments) (Amendment) Regulations 1999 |
Surrender of company tax refund within a group when one or the other company is a Quarterly Instalment Payer |
