COM153021 - CT Pay and File: claims / reliefs: ACT: legislation: ACT carry-back and late payment interest

The table below gives a brief explanation of what the legislation relevant to this subject contains.

Section	Explanation
87A TMA 1970	Interest on overdue CT.
87A(4) TMA 1970	Rules for determining the amount of late payment interest payable when liability to CT is met by surplus ACT carried back.
157 FA 1989	Rules for determining the amount of interest payable when liability to CT for a pre CT Pay and File AP is met by surplus ACT carried back.
239(3) ICTA 1988	Set off surplus ACT against CT payable in earlier APs.