SCHEDULES

SCHEDULE 13A Surrenders of advance corporation tax

Further self-assessments by the surrendering company

11

(1)

Where—

(a)

a claim is made after an assessment to corporation tax for the relevant accounting period of the surrendering company has become final,

(b)

under section 239(1), advance corporation tax has been set against the company’s liability to corporation tax for that period, and

(c)

the claim is a claim to surrender the benefit of an amount which is or includes the whole or a part of the amount set-off,

the claim must be accompanied by an assessment (a self-assessment) of the corporation tax due as a result of the claim.

(2)

The tax shall be treated as due and payable, in accordance with section 59D of the Management Act, on the day following the expiry of nine months from the end of the relevant accounting period.

(3)

The standard provisions about enquiries into self-assessments (given by paragraph 14 below) apply to self-assessments provided under this paragraph.