CTM35250 - Income Tax: deduction of tax: interaction with Schedule 16 or S952 ITA07

ICTA88/SCH16 now ITA07/Section 952 onwards

A company resident in the UK may make claims under both:

• ITA07/S953 (set-off of IT borne on the company income against IT payable - CTM35125),
• ICTA88/S7 (2) (set-off against CT due).

A claim cannot be made under both provisions in respect of the same amount of tax. But a company can claim under ITA07/S953 in respect of part of the tax deducted from a receipt and claim under ICTA88/S7 (2) in respect of the balance.