Part 4 Effect of Interest on Reliefs
Finance Act 2009 (2009 c 10) | Legislation

Part 4 Effect of Interest on Reliefs

15

(1)     Where conditions A and B are met—

(a)     the appropriate adjustment is to be made of the amount of late payment interest payable, and

(b)     accordingly, the appropriate repayment (if any) is to be made of any late payment interest previously paid.

(2)     Condition A is that any amount of late payment interest is payable on—

(a)     any amount on account of income tax which is due and payable in accordance with section 59A(2)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

PRA Rulebook—introduction for the insurance and reinsurance sector

PRA Rulebook—introduction for the insurance and reinsurance sectorOn 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise

LEXISNEXIS

Standard of care in professional negligence claims

Standard of care in professional negligence claimsThis Practice Note considers the standard of care in professional negligence claims, originally formulated in Bolam v Friern Hospital as being that of reasonable skill and care but now reconsidered following Montgomery v Lanarkshire Health. It

LEXISNEXIS

VAT definition

LEXISNEXIS

Arbitration agreements—definition, purpose and interpretation

Arbitration agreements—definition, purpose and interpretationThis Practice Note considers the nature and scope of arbitration agreements with a particular focus on arbitration agreements pursuant to the law of England and Wales, although it also discusses the concept from an international