HMRC have published details of the interest rates that will apply for late and early payments from the start of January.
The detailed guidance is arranged under the following headings:
- How interest rates are set
- Current late payment and repayment interest rates
- Income Tax, National Insurance contributions, Capital Gains Tax, Stamp Duty Land Tax, Stamp Duty and Stamp Duty Reserve Tax (from 1 October 1999)
- Corporation Tax pay and file
- Corporation Tax pre-pay and file Stamp Duty Reserve Tax (to 30 September 1999) and Petroleum Revenue Tax — reg 3AA
- Corporation Tax Self Assessment, from normal due date
- Inheritance Tax, Capital Transfer Tax and Estate Duty — reg 4A
- IT-CP and other duties attracting section 87 interest for accounting periods ending on or after 1 July 1999
- Departmental interest rates
- Other Corporation Tax Self Assessment interest rates
- Interest paid on overpaid quarterly instalment payments and on early payments of Corporation Tax not due by instalments
- Interest charged on judgement debt taxation matters
Related content from Claritax Books
Income Tax is a substantial single-volume guide, now in digital format, to all the income tax issues commonly faced by most accountants and tax practitioners.
