CH81071 - Penalties for inaccuracies: in what circumstances is a penalty payable: what is a repayment of tax
You must check the date from which these rules apply for the tax or duty you are dealing with. See CH81011 for full details.
»Ê¹ÚÌåÓýapp phrase ‘repayment of taxâ€�, see CH81070, includes items which otherwise may not be regarded as a repayment of tax. It specifically includes
- allowing a credit against tax or duty, or
- a payment of a corporation tax credit.
A corporation tax credit is a
- R & D tax credit under FA2000/SCH20
- R & D expenditure credit under CTA2009/PART3/Chapter6A
- land remediation tax credit under FA2001/SCH22
- life assurance company tax credit under FA2001/SCH22
- tax credit under FA2002/SCH13 - vaccine research, etc
- film tax credit under FA2006/SCH5
- first-year tax credit under CAA2001/SCHA1.
FA07/SCH24/PARA28 (f) & (fa)