SolvedCOM33013 | Background: typical case examples: legislation
From HM Revenue & Customs · COTAX Manual
The table below gives a brief explanation of what the legislation relevant to this subject contains
| Section | Explanation |
| 87A Taxes Management Act (TMA) 1970 | Interest is charged from the normal due date to the date of payment |
| 455 Corporation Tax Act (CTA) 2010 (formerly S419 ICTA 1988) | Liability on close company loans and advances to participators |
| 747 Income and Corporation Taxes Act (ICTA) 1988 | Tax on profits of controlled foreign companies |
| Para 3 Schedule 18 Finance Act (FA) 1998 | Specifies the form and content of the CTSA return to be submitted for CT purposes |