Beta This part of GOV.UK is being rebuilt – find out what this means

HMRC internal manual

Compliance Handbook

From
HM Revenue & Customs
Updated
, see all updates

Assessing Time Limits: The Time Limits: Insurance Premium Tax, Aggregates Levy, Climate Change Levy and Landfill Tax Limitations: Interest and penalty interest assessments

Assessing time limits: IPT limitations: interest and penalty interest assessments

The time limits described at CH51300 have limitations if you are assessing interest or penalty interest.

You must make assessments for the following within 2 years of the date when the insurance premium tax due for the accounting period concerned has been finally determined.

  • Interest on under-declared tax assessed (FA1994/SCH7/PARA21(1)).
  • Penalty interest on unpaid tax (FA1994/SCH7/PARA25(1)).

Top of page

Assessing time limits: AGL limitations: interest and penalty interest assessments

The time limits described at CH51300 have limitations if you are assessing interest or penalty interest.

You must make assessments for the following within 2 years of the date when the aggregates levy due for the accounting period concerned has been finally determined.

  • Penalty interest on unpaid levy (FA2001/SCH5/PARA5).
  • Interest on overdue levy paid before assessment (FA2001/SCH5/PARA6).
  • Penalty interest on levy where no return made (FA2001/SCH5/PARA7).
  • Interest and penalty interest on under-declared levy (FA2001/SCH5/PARA8).
  • Penalty interest on unpaid interest (FA2001/SCH5/PARA9).

Top of page

Assessing time limits: CCL limitations: interest and penalty interest assessments

The time limits described at CH51300 have limitations if you are assessing interest or penalty interest.

You must make assessments for the following within 2 years of the date when the climate change levy due for the accounting period concerned has been finally determined.

  • Interest on under-declared tax assessed (FA2000/SCH6/PARA84).
  • Penalty interest on unpaid tax (FA2000/SCH6/PARA82).

Top of page

Assessing time limits: LFT limitations: interest and penalty interest assessments

The time limits described at CH51300 have limitations if you are assessing interest or penalty interest.

You must make assessments for the following within 2 years of the date when the landfill tax due for the accounting period concerned has been finally determined.

  • Interest on under-declared tax assessed (FA1996/SCH5/PARA26).
  • Penalty interest on unpaid tax (FA1996/SCH5/PARA27).