Part 14Change in company ownership
Chapter 6Recovery of unpaid corporation tax
Miscellaneous
717Effect of payment in pursuance of assessment under section 710 or 713
1
A payment—
a
in pursuance of an assessment under section 710 or 713 (recovery of unpaid corporation tax), or
b
of interest under section 87A of TMA 1970 (as that section has effect in accordance with section 716),
is not allowed as a deduction in calculating income, profits or losses for any tax purposes.
2
A person who makes such a payment may recover an amount equal to the payment—
a
in the case of an assessment under section 710 (recovery of tax for accounting period beginning before change), from X, or
b
in the case of an assessment under section 713 (recovery of tax for accounting period ending on or after change), from Y or the associated company, depending on which is the company whose unpaid tax gave rise to the assessment.