Section 1179CH — Corporation Tax Act 2009: No credit payable if certain tax matters outstanding

No credit payable if certain tax matters outstanding 1179CH 1 Subsection (2) applies if—

a a company would (but for that subsection) be entitled to be paid an amount at step 6 of section 1179CC , and b the company’s tax return for the accounting period in question is enquired into by an officer of Revenue and Customs.

2 The amount does not have to be paid to the company; but an officer of Revenue and Customs may make a payment on a provisional basis of such amount as the officer thinks fit.

3 Subsection (4) applies if—

a a company would (but for that subsection) be entitled to be paid an amount at step 6 of section 1179CC , and b the company has not paid to an officer of Revenue and Customs any amount that it is required to pay—

i under PAYE regulations, ii under section 966 of ITA 2007 (visiting performers), or iii in respect of Class 1 national insurance contributions, for payment periods ending in the accounting period in question.

4 The amount does not have to be paid to the company; but an officer of Revenue and Customs may make a payment of such amount as the officer thinks fit.

5 For the purposes of subsection (3) , a “payment period” is—

a in relation to PAYE regulations or Class 1 national insurance contributions, a period—

i which ends on the fifth day of a month, and ii for which the company is liable to account for income tax and national insurance contributions to an officer of Revenue and Customs;

b in relation to section 966 of ITA 2007, a period for which the company is required to make a return as described in section 969(1)(b) of that Act.