Related Commentary  

13(1)  In this regulation–

credit”  means credit to which a person is entitled under Part IV of these Regulations;

overdeclaration”  means, in relation to any return, the amount (if any) which was wrongly treated as tax due for the accounting period concerned and which caused either the amount of tax which was payable to be overstated or the entitlement to a payment under regulation 19(1) to be understated or both or would have caused such an overstatement or understatement were it not for the existence of an underdeclaration in relation to that return;

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