COM128043 | Repayments/reallocations: CTSA material dates

From HM Revenue & Customs · COTAX Manual

CTSA Material Dates

For CTSA Accounting Periods (APs) the material date is the later of the following.

The due date, which is the date in table A where there are no carry -backs or table B where there are carry- backs

The date the tax being repaid was paid.

Table A	CT	IT & FII	FIDACT	S455	R & DLRTC
No carry- backs	Due date	Day after end of AP	Due dateNote 1	See table B below	Note 2

Key:

FII	Franked Investment Income.
FIDACT	Foreign Income Deduction.Advance Corporation Tax – abolished after 6 April 1999.
R & D	Research & Development.
LR	Land Remediation.
TC	Tax credit, for example Film Tax Credit, First Year Tax Credit CAA2001.

Please note that:

There is no entitlement to repayment before the material date has been reached.

For Research & Development, Land Remediation and Tax Credits, the due date is the later of the:

statutory filing date of the return or amended return for the AP for which credit is claimed
date on which the return or amended return containing the claim is delivered.

Content shown with reduced fidelity

Table B CT, IT or CIS25 tax overpaid because of a carry- back of trade losses to a period wholly within preceding 12 months. Due date of the AP for which the tax was overpaid. S826(2) ICTA 1988. CT,or IT or CIS25 tax overpaid because of a carry- back of trade losses to a period not wholly within preceding 12 months. Due date of the AP in which the losses arise. S826(7A) ICTA 1988. CT, IT or CIS25 tax overpaid because of a carry- back of non-trading deficit on loan relationships. Due date of the AP in which the deficit arises. S826(7C) ICTA 1988. CT or CIS25 tax overpaid because of a carry- back of DTR to an earlier period. Due date of the AP in which the DTR arises. S826(7BB) ICTA 1988. CT, IT, S242 tax credits or SC60 tax overpaid because of a carry- back of surplus ACT. Due date of the AP of the surplus ACT. S826(7) ICTA 1988. CT, IT 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 the 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 the AP in which the deficit arises. S826(7CA) ICTA 1988. S458 (previously S419(4)) for loans made in APs ending on or after 1 July 1999. Due date is: for a loan, or part, repaid on or before 9 months after the end of that AP, the due date of the AP in which the loan was made for a loan, or part, repaid more than 9 months after the end of the AP in which it was made, the due date for the AP in which the loan, or part of the loan, was repaid. S826(4) ICTA 1988. CT, IT or CIS25 tax overpaid because of the carry- back of surplus ACT. Due date of the AP in which the surplus ACT arises. S826(7) ICTA 1988.