Related Commentary  Related HMRC Manuals

59D(1)  Corporation tax for an accounting period is due and payable on the day following the expiry of nine months from the end of that period.

59D(2)  If the tax payable is then exceeded by the total of any relevant amounts previously paid (as stated in the relevant company tax return), the excess shall be repaid.

59D(3)  The tax payable means the amount computed in accordance with the first to fourth steps of paragraph 8 of Schedule 18 to the Finance Act 1998.

59D(4)  Relevant amounts previously paid means any of the following, so far as relating to the accounting period in question–

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