COM50012 - Claims / reliefs: loss and non-trading deficits carry-back: legislation: how COTAX treats carry-backs

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

Section	Explanation
87A(4A) TMA 1970	Rules for determining the amount of late payment interest payable when a non-trading deficit is carried back to an earlier AP.
87A(6) TMA 1970	Rules for determining the amount of late payment interest payable when a trade loss is carried back to an AP not falling wholly within the previous 12 months.
826(7A) ICTA 1988	Rules for determining the amount of repayment interest allowable when a trade loss is carried back to an AP not falling wholly within the previous 12 months.
826(7C) ICTA 1988	Rules for determining the amount of repayment interest allowable when a non-trading deficit is carried back to an earlier AP.