SCHEDULE 13A Surrenders of advance corporation tax
Repayments
15
(1)
Where—
(a)
a claim is withdrawn after an assessment for the relevant accounting period of the surrendering company has become final, and
(b)
an amount of corporation tax paid by the surrendering company in respect of that period would not have been payable if the claim had not been made,
the surrendering company shall be entitled by notice to claim repayment of that amount.
(2)
Where—
(a)
a claim is made after the date on which an assessment for any relevant accounting period of the subsidiary in whose favour the claim is made becomes final, and
(b)
an amount of corporation tax paid by the subsidiary in respect of that period would not have been payable if the claim had not been made,
the subsidiary shall be entitled by notice to claim repayment of that amount.
(3)
In this paragraph “relevant accounting period of the subsidiary” has the same meaning as in paragraph 9.