Commentary

BB/24/04 New rates of interest paid by and to Customs & Excise

Part V16 Forms and other HMRC material

BB/24/04 New rates of interest paid by and to Customs & Excise

BB/24/04 New rates of interest paid by and to Customs & Excise

Business Brief, Issue 24. 8 September 2004

As a result of recent changes in base lending rates, the rates of interest paid by and to C & E will increase from 6 September 2004.

An Order of the Commissioners of C & E was issued on 1 September 2004 with the effect that—

  1.  

    —     the rate of default interest charged on underdeclared VAT, air passenger duty, insurance premium tax, landfill tax, climate change levy, aggregates levy and C & E duties will increase from 6.5 per cent to 7.5 per

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial