Where there is accounted for and paid1 to the Commissioners for Revenue and Customs an amount of tax which is:
(1) in respect of a connected payment2 or connected transfer3; or
(2) paid under an assessment4,
that amount is treated as a payment of tax on account of the tax liability (of whatever person) in respect of the connected payment or transfer concerned5.
Where, in respect of a connected payment or transfer, there is a liability to tax6, the Commissioners must allocate any payment made to it7 as is just and reasonable in discharge of some or all of those liabilities
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