Taxes Consolidation Act 1997 section 845B

Set-off of surplus advance corporation tax

Section 845B provided for the set-off of surplus advance corporation tax (ACT) — paid in respect of distributions made before 6 April 1999 — against a company's corporation tax liability on income in subsequent accounting periods. This section is now spent.

Access full legislation.And much more.

By becoming a member, your team gets full access to Tax World research tools and source-backed tax resources.