Section 1179CH | No credit payable if certain tax matters outstanding ^F1

(1)Subsection (2) applies if—^F1

(a)a company would (but for that subsection) be entitled to be paid an amount at step 6 of section 1179CC, and^F1

(b)the company’s tax return for the accounting period in question is enquired into by an officer of Revenue and Customs.^F1

(2)The amount does not have to be paid to the company; but an officer of Revenue and Customs may make a payment on a provisional basis of such amount as the officer thinks fit.^F1

(3)Subsection (4) applies if—^F1

(a)a company would (but for that subsection) be entitled to be paid an amount at step 6 of section 1179CC, and^F1

(b)the company has not paid to an officer of Revenue and Customs any amount that it is required to pay—^F1

(i)under PAYE regulations,^F1

(ii)under section 966 of ITA 2007 (visiting performers), or^F1

(iii)in respect of Class 1 national insurance contributions,^F1

for payment periods ending in the accounting period in question.

(4)The amount does not have to be paid to the company; but an officer of Revenue and Customs may make a payment of such amount as the officer thinks fit.^F1

(5)For the purposes of subsection (3), a “payment period” is—^F1

(a)in relation to PAYE regulations or Class 1 national insurance contributions, a period—^F1

(i)which ends on the fifth day of a month, and^F1

(ii)for which the company is liable to account for income tax and national insurance contributions to an officer of Revenue and Customs;^F1

(b)in relation to section 966 of ITA 2007, a period for which the company is required to make a return as described in section 969(1)(b) of that Act.^F1