SolvedCOM50061 | Claims/reliefs: loss and non-trading deficits carry-back: legislation: claims to surrender losses and deficits
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(4A) Taxes Management Act (TMA) 1970 | Rules for determining the amount of late payment interest payable when a non-trading deficit is carried back to an earlier Accounting Period (AP). |
| 87A(6) TMA 1970 | Rules for determining the amount of late payment interest payable when a trading loss is carried back to an AP not falling wholly within the previous 12 months. |