COM128042 | Repayments/reallocations: CTPF material dates

From HM Revenue & Customs · COTAX Manual

For CT Pay and File Accounting Periods (APs) the material date is the later of:

The due date, which is the date in
Table A below (No carry- backs)
Table B below (Carry- backs)
The date the tax being repaid was paid

Table A	CT	IT	SC60	S2442	S419	FID
No carry- backs	Due Date	Due Date	Due Date	Due DateNote 1	See Table B below	Due DateNote 2

Please notes the following:

Claims under Section 242 (S242) Income and Corporation Taxes Act (ICTA) 1988 were abolished for APs beginning on or after 02/07/97.
The material date is the CT due date for the AP but there is no entitlement to repayment before the material date has been reached.

Table shown as recovered text

Table B CT, IT, S242 tax credits or CIS25 tax overpaid because of a carry-back of trade losses to a period not wholly within preceding 12 months Due Date of AP in which losses arise Section 826 (S826)(7A) Income and Corporation Taxes Act (ICTA) 1988 CT, IT, S242 tax credits or CIS25 tax overpaid because of a carry-back of trade losses to a period wholly within preceding 12 months Due Date of AP for which the tax was overpaid S826(2) ICTA 1988 CT, IT, S242 credits or CIS25 tax overpaid because of carry-back of non-trading deficit on loan relationships Due Date of AP in which deficit arise S826(7C) ICTA 1988 CT, IT, S242 tax credits or CIS25 tax overpaid because of a carry- back of surplus ACT Due Date of AP of surplus ACT S826(7A) ICTA 1988 CT, IT, S242 tax credits or CIS25 tax overpaid because of the set off of surplus ACT released by the carry- back of trade losses to a period not wholly within immediately preceding 12 months Due Date of AP in which the losses arise S826(7AA) ICTA 1988 CT, IT or CIS25 tax overpaid because of the set off of surplus ACT released by the carry- back of non-trading deficit on loan relationships Due Date of AP in which deficit arises S826(7CA) ICTA 1988 S419(4) for loans made in APs ending after 30/09/93 but before 31/03/96 The date the loan, or part, was repaid S826(4) ICTA 1988 S419(4) for loans made in APs ending on or after 31/03/96 and not starting on or before 01/07/99 Due Date is later of: the Due Date for the AP in which the loan was made, (if the loan or part is repaid before 9 months after the end of that AP) the Due Date for the AP in which the loan, or part, was repaid, (if the loan was repaid more than 9 months after the end of the AP in which it was made S826(4) ICTA 1988