26(1)Section 826 of ICTA (interest on tax overpaid etc) is amended as follows.U.K.
(2)In subsection (1) (payments that carry interest) after paragraph (e) insert— “; or
(f)a payment of film tax credit falls to be made to a company.”.
(3)After subsection (3B) insert—
“(3C)In relation to a payment of film tax credit the material date is whichever is the later of—
(a)the filing date for the company's company tax return for the accounting period for which the tax credit is payable, and
(b)the date on which the company tax return or amended company tax return containing the claim for payment is delivered to an officer of Revenue and Customs.
For this purpose “the filing date”, in relation to a company tax return, has the same meaning as in Schedule 18 to the Finance Act 1998.”.
(4)In subsection (8A) (recovery of overpaid amounts)—
(a)in paragraph (a), for “or (e)” substitute “ , (e) or (f) ”;
(b)in paragraph (b)(ii) after “life assurance company tax credit” insert “ or film tax credit ”.
(5)In subsection (8B) after “life assurance company tax credit” (twice) insert “ or film tax credit ”.