Where it was discovered that an excessive amount of ACT has been
set-off, the excess had to be recovered. A further assessment to CT
was raised on the profits against the tax on which the excessive
set-off had been made, (ICTA88/S252).
Normal time limits applied to such assessments except where TMA70/S36 applied (see EM3905), and TMA70/S42 (10) had also to be considered when an assessment was necessary because of a claim.