HMRC has announced further cuts in interest rates including a reduction to nil in the rate it will pay.
The reduced rates that cover quarterly instalment payments and early payments of corporation tax not due by instalments (for accounting periods ending on or after 1 July 1999) take effect from 19 January 2009.
The reduced rates that cover all other direct and indirect taxes and National Insurance contributions paid late and overpaid take effect from 27 January 2009. These rates of interest are the first announced since legislation was amended in December 2008 to allow HMRC to more quickly change the rates following a movement in market rates. The amended legislation provides for these rates to come into effect 13 working days after the meeting of the...
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HMRC has announced further cuts in interest rates including a reduction to nil in the rate it will pay.
The reduced rates that cover quarterly instalment payments and early payments of corporation tax not due by instalments (for accounting periods ending on or after 1 July 1999) take effect from 19 January 2009.
The reduced rates that cover all other direct and indirect taxes and National Insurance contributions paid late and overpaid take effect from 27 January 2009. These rates of interest are the first announced since legislation was amended in December 2008 to allow HMRC to more quickly change the rates following a movement in market rates. The amended legislation provides for these rates to come into effect 13 working days after the meeting of the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
