Commentary

A4.624 Corporation tax—large companies and very large companies

Administration and compliance

A4.624 Corporation tax—large companies and very large companies

A4.624 Corporation tax—large companies and very large companies

Special provisions apply to charge interest on late payment of corporation tax payable by large companies and very large companies1.

The rates of interest charged are based on the official base rate as determined by the Monetary Policy Committee of the Bank of England.

A lower rate of interest is charged on late payment of tax payable in instalments (see D1.1330, D1.1331); this rate applies from the date on which the instalment is due to the date nine months and one day after the end of the accounting period. If RR is not a

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