Part III Income Tax, Corporation Tax and Capital Gains Tax

Management and enforcement

90 Release or writing off of debt: interest on tax overpaid.

1

In section 826(4) of the Taxes Act 1988 (interest on tax overpaid)—

a

for “the repayment of, or of the part in question of, the loan or advance mentioned in section 419(4) was made” substitute “ the event giving rise to entitlement to relief under section 419(4) occurred ”; and

b

in paragraph (a)(i) of that subsection, after “repayment” insert “ , or the release or writing off, ”.

2

This section has effect in relation to the release or writing off of the whole or part of a debt on or after 6th April 1999.