Commentary

D1.1217 Restitution interest rate—administration

Corporate tax
Corporate tax | Commentary

D1.1217 Restitution interest rate—administration

Corporate tax | Commentary

D1.1217 Restitution interest rate—administration

Where restitution interest is chargeable to tax under these rules, and an assessment is raised by HMRC (with the amount of tax withheld credited against the liability), the company must pay the amount assessed within 30 days of the date of the date of the assessment1. If the amount withheld exceeds the tax liability, statutory interest is payable on the excess from the date on which the tax was withheld until the date of repayment2.

Interest that is charged to tax under these rules is not chargeable to corporation tax under any other provision (in other words

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