Related Commentary  Related HMRC Manuals

633(1)  This section applies if, in the final accounting period of a company that is being wound up or is in administration, interest within subsection (2) arises to the company.

633(2)  Interest within this subsection arises to a company if–

(a)the interest is received or is receivable by the company under section 826 of ICTA (interest on tax overpaid), and

(b)the interest does not exceed £2000.

633(3)  The interest is excluded in calculating the company's income for corporation tax purposes.

633(4)  In subsection (1) the “final accounting period” means–

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