Commentary

D1.517 Interest on overpaid tax

Corporate tax
Corporate tax | Commentary

D1.517 Interest on overpaid tax

Corporate tax | Commentary

D1.517 Interest on overpaid tax

A payment of land remediation tax credit and life assurance company tax credit is brought within the provisions for interest on tax overpaid1. The material date for interest on such payment is the later of:

  1.  

    •     the filing date for the company's tax return for the accounting period for which the credit is claimed, and

  2.  

    •     the date on which the return or amended return containing the claim for payment of credit was delivered to HMRC2.

Such interest is recovered (as if it were interest on unpaid tax) where there is a change in the tax

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