http://www.legislation.gov.uk/uksi/1996/3187/regulation/1/made

The Taxes (Interest Rate) (Amendment No. 4) Regulations 1996

Income tax

Tax

Capital gains tax

Corporation tax

King's Printer of Acts of Parliament

2011-07-04

INCOME TAX

INHERITANCE TAX

TAXES

These Regulations amend the Taxes (Interest Rate) Regulations 1989 (S.I. 1989/1297) by substituting three new regulations for regulation 3 of the 1989 Regulations. The new regulations specify different interest rates applicable under section 178 of the Finance Act 1989 in relation to unpaid income tax, capital gains tax, corporation tax (including advance corporation tax), petroleum revenue tax and development land tax, repayments of petroleum revenue tax, overpaid development land tax and stamp duty reserve tax and repayment supplement. The new regulations also make provision for changes in the applicable interest rate and for the formula to be used in calculating the new rate.