Commentary

D1.513 Payment of tax credit

Corporate tax
Corporate tax | Commentary

D1.513 Payment of tax credit

Corporate tax | Commentary

D1.513 Payment of tax credit

A company which is entitled to a land remediation tax credit (see D1.512) must claim to have it paid by HMRC1; such payment carries interest as if it were tax overpaid (see D1.517). The tax credit payment is not treated as income for any tax purposes2.

Together with any interest paid with it, the tax credit may be applied to any corporation tax liability of the company3. Where there is an enquiry into the company's tax return for the period, payment need not be made until the enquiry is completed (see A6.418A), though HMRC have discretion

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