COM122033 - Repayments / reallocations: non automatic reallocations: legislation: surrender non COTAX repayment to COTAX
The table below gives a brief explanation of what the legislation relevant to this subject contains.
Section | Explanation |
87A TMA 1970 | Imposes late payment interest on late payments of tax made by companies. |
7(2) ICTA 1988 | Allows relief for Income Tax paid by a company against its CT liability. |
11(3) ICTA 1988 | Allows relief for Income Tax paid by non-resident companies against chargeable CT. |
455 CTA 2010 | Liability in respect of loans or advances made on or after 1 April 2010 to participators, or associates of participators. |
419 ICTA 1988 | Liability in respect of loans or advances made before 1 April 2010 to participators, or associates of participators. |
458 CTA 2010 | Relief given against a liability under S455 or S419 when a loan, or part of a loan to a participator is repaid to the company on or after 1 April 2010. |
419(4) ICTA 1988) | Relief given against a liability under S419 when a loan, or part of a loan to a participator is repaid to the company before 1 April 2010. |
825 ICTA 1988 | Allows the payment of repayment supplement. |
826 ICTA 1988 | Allows the payment of repayment interest. |
963 CTA 2010 | Surrender of company tax refund within the group. |
964 (3) CTA 2010 | When determining the amount of tax liability upon which to base a tax-related penalty a refund surrendered under S102 is treated as paid on the day on which the notice under S102 was given. |
Para 5 Sched 18 FA 1998 | Specifies the period for which a CTSA return is required. |
Para 18(1) Sched 18 FA 1998 | Enables the charging of tax-related penalties for CTSA return periods. |
Para 18(3) Sched 18 FA 1998 | Defines the tax unpaid figure to be used when calculating tax-related penalties for a CTSA return period. |
Para 18(4) Sched 18 FA 1998 | Excludes from the tax unpaid figure any deferred relief due under S458(5) CTA 2010 (formerly S419(4A) ICTA 1988), for a CTSA return period. |