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Legislation
Corporation Tax Act 2010

CHAPTER 4 Payment and collection of tax on restitution interest

  • Section 357YO Duty to deduct tax from payments of restitution interest
  • Section 357YP Treatment of amounts deducted under section 357YO
  • Section 357YQ Assessment of tax chargeable on restitution interest
  • Section 357YR Interest on excessive amounts withheld
  • Section 357YS Appeal against deduction
  • Section 357YT Amounts taxed at restitution payments rate to be outside instalment payments regime
  1. Chapter 4 · Payment and collection of tax on restitution interest
  2. Amounts taxed at restitution payments rate to be outside instalment payments regime

Section 357YT | Amounts taxed at restitution payments rate to be outside instalment payments regime

From legislation.gov.uk

For the purposes of regulations under section 59E of TMA 1970 (further provision as to when corporation tax due and payable), tax charged at the restitution payments rate is to be disregarded in determining the amount of corporation tax payable by a company for an accounting period.

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