Section 482 of CTA 2009 refers to interest payable under the Tax Acts. But what are the Tax Acts (because I can't find any definition)? Are they just the CT and IT acts or do they also include VAT? The context is that I need to know whether statutory interest paid on a VAT refund is treated as a loan relationship item (rather than a trade receipt).
10th Jan 2017
1
Definition of "Tax Acts"
Definition of "Tax Acts"