Part 15Deduction of income tax at source
Chapter 15Collection: deposit-takers, building societies and certain companies
Set-off
955Proceedings begun before a set-off claim is made
1
This section applies if—
a
a person has made a set-off claim, and
b
before the claim was made, proceedings were brought for collecting income tax assessed, or interest on income tax assessed, under section 956 or 957.
2
No effect is to be given to the set-off claim so as to affect or delay the collection or recovery of the income tax, or of interest on that income tax, until the claim is finally determined.
3
Any income tax overpaid as a result of this section must be repaid when the claim is finally determined.
4
In this section “proceedings” includes proceedings by way of distraint or attachment.