C1Part 15Deduction of income tax at source
Annotations:
Modifications etc. (not altering text)
Chapter 15Collection: deposit-takers, building societies and certain companies
Set-off
954Proceedings begun after a set-off claim is made
1
If a set-off claim has been made no proceedings for collecting income tax which would have to be discharged if the claim were allowed may be brought until the claim is finally determined.
2
Subsection (1) does not affect the date when the income tax is due.
3
Any income tax underpaid as a result of this section must be paid when the claim is finally determined.
4
In this section “proceedings” includes proceedings by way of distraint or attachment.
Pt. 15 modified (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), ss. 551(4), 1329(1) (with Pts. 1, 2, Sch. 2 para. 78)