Part 15

Deduction of income tax at source
Chapter 15

Collection: deposit-takers, building societies and certain companies

Set-off

Proceedings begun after a set-off claim is made
954
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)