Policy paper

Draft legislation: interest provision legislative amendment

This retrospective action clarifies the legislative framework for HMRC charging interest on unpaid tax.

Documents

Draft legislation: interest provision legislative amendment

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Explanatory notes for interest provision legislative amendment

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Details

This clause removes the need for an Appointed Day Order to be made in order to charge or pay interest on tax and other amounts provided for by section 178 Finance Act 1989. It also sets interest rates for certain purposes.

Published 19 July 2018