Introduction Overview Overview Section 633: Exemption for interest on overpaid tax in final accounting period
1979.This section provides a limited exemption for interest on overpaid tax received or paid in the final accounting period. It is based on sections 342(3A) and 342A(4), (5) of ICTA.
1980.The rules about accounting periods for companies being wound up are in section 12 of CTA 2009 (see in particular subsection (4)).