| 3.73 | For repayments of
- capital gains tax
- income tax
- payments on account of income tax required
by section 59A
- surcharge, and
- penalties
the relevant time is the date of payment of the tax, payment
on account, surcharge or penalty which is being repaid (unless it
is tax that was deducted at source) (section 824(3)(a)and
(c)). |
| 3.74 | Where the repayment is of
tax deducted at source, for example under PAYE, the relevant time
is 31 January following the year of assessment in which the
relevant income arose (section 824(3)(b)). |
| 3.74A | Where the repayment
results from a claim
- to carry back losses etc.
(TMA70/SCH1B/PARA2)
- for relief for fluctuating profits of
farming etc. (TMA70/SCH1B/PARA3), or
- for relief for fluctuating profits of
creative artists etc. (ICTA88/SCH4A),
- the relevant time is 31 January
following the year that is the later year in relation to the claim
(section 824(2C) and (3)(ab)).
|
