You need to complete these supplementary pages if:
Restitution interest means profits in relation to which Conditions A to C below are met.
Condition A - is that the profits are interest paid or payable by the Commissioners in respect of a claim by the company for restitution with regard to either of the following matters (or alleged matters)
Condition B - is that a court has made a final determination that the Commissioners are liable to pay the interest or the Commissioners and the company, have in final settlement of the claim, entered into an agreement under which the company is entitled to be paid, or is to retain, the interest.
Condition C - is that the interest determined to be due, or agreed upon, is not limited to simple interest at a statutory rate.
Please check if you’re required to submit this form online
Find out more about who must submit an online Company Tax Return.
Further details of the meaning of restitution interest can be found in S357YC of CTA 2010.
Corporation tax is charged on restitution interest at the restitution payments rate. The restitution payments rate is currently 45%.
Corporation tax reliefs and any amounts of income tax or corporation tax, or any other amounts, which may be set off against a company’s overall liability to income tax and corporation tax for an accounting period are excluded. See S357YL CTA 2010.
An amount deducted from an interest payment is treated for all purposes as paid by the company on account of the company’s liability. See S357YO CTA2010.
For further information read ‘What supplementary pages do I need to complete and include as part of the Company Tax Return?’ to find out what supplementary pages you need to complete.
The following information is required:
Details of tax calculation.
HMRC have provided following Company tax return guide to form CT600 (2020) Version 3 for accounting periods starting on or after 1 April 2015 to assist Companies complete the Corporation tax returns. Further information can also be found on GOV.UK website.