730. Interest on overdue tax.

Any amount on account of income tax which becomes due and payable1, and any income tax or capital gains tax which becomes due and payable2 carries interest at the prescribed rate3 from the relevant date4 until payment5.

Where the Commissioners for Her Majesty's Revenue and Customs agree that the payment of a relevant sum may be deferred by reason of circumstances arising as a result of a disaster or emergency specified in an order under these provisions (an 'agreement for deferred payment'), no interest on the amount deferred is chargeable in respect of the relief period and no liability to