Section 717 — Corporation Tax Act 2010: Effect of payment in pursuance of assessment under section 710 or 713

Effect of payment in pursuance of assessment under section 710 or 713 717 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.