Part V20 Landfill tax | Commentary

V20.174 Interest

Part V20 Landfill tax | Commentary

V20.174 Interest1

Where HMRC issues an assessment relating to underdeclared tax or overclaimed credits, the site operator will be liable to pay a penalty of 5% of the underdeclared or overclaimed tax as well as interest. The interest will be at a rate published by HMRC from time to time. Interest will also be due where the site operator discovers an inaccuracy and voluntarily discloses it to HMRC.

Where, due to an error on the part of HMRC, a person has overpaid landfill tax, suffered a delay in receiving a payment from HMRC, or failed to claim a credit

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