Finance Act 2009 (c. 10)

SCHEDULES

SCHEDULE 53 U.K. Late payment interest

Commencement Information

I1 Sch. 53 in force at 31.8.2010 for specified purposes by S.I. 2010/1878, art. 2 (with art. 3)

I2 Sch. 53 in force at 6.10.2011 for specified purposes by S.I. 2011/2391, art. 2(c)

I3 Sch. 53 in force at 31.10.2011 for specified purposes by S.I. 2011/701, art. 3(1) (with art. 4)

I4 Sch. 53 in force at 1.2.2013 for specified purposes by S.I. 2013/67, art. 2

I5 Sch. 53 in force at 1.4.2013 for specified purposes by S.I. 2013/280, art. 2

I6 Sch. 53 in force at 1.10.2013 for specified purposes by S.I. 2013/2472, art. 2

I7 Sch. 53 in force at 6.5.2014 for specified purposes by S.I. 2014/992, art. 3(1)

I8 Sch. 53 in force retrospectively at 6.5.2014 for further specified purposes by Finance Act 2019 (c. 1), s. 88(6)

I9 Sch. 53 in force at 1.1.2015 for specified purposes by S.I. 2014/3269, art. 4(1) (with art. 4(2))

I10 Sch. 53 in force at 1.1.2015 for specified purposes by S.I. 2014/3324, art. 3

I11 Sch. 53 in force at 1.4.2015 for specified purposes by S.I. 2015/974, art. 2

I12 Sch. 53 in force at 6.4.2018 for specified purposes by S.I. 2018/468, art. 2(a)

I13 Sch. 53 in force at 6.4.2019 for specified purposes by 2019 c. 1, Sch. 2 para. 31

I14 Sch. 53 in force at 1.6.2019 for specified purposes by S.I. 2019/918, art. 2

I15 Sch. 53 in force at 1.6.2019 for specified purposes by S.I. 2019/921, art. 2

I16 Sch. 53 in force at 6.9.2019 for specified purposes by S.I. 2019/1238, art. 2 (with art. 3)

I17 Sch. 53 in force at 5.10.2020 for specified purposes by S.I. 2020/979, art. 3(1)

I18 Sch. 53 in force at 6.4.2021 for specified purposes by S.I. 2021/445, reg. 2;

Sch. 53 in force at 6.4.2021 for specified purposes by 2020 c. 14, Sch. 1 para. 29 (with Sch. 1 paras. 30-34);

Sch. 53 in force retrospectively at 6.4.2021 for specified purposes by 2022 c. 3, Sch. 10 para. 29

I19 Sch. 53 in force at 1.4.2022 for specified purposes by S.I. 2021/1409, reg. 2(a)

I20 Sch. 53 in force at 1.1.2023 for specified purposes by S.I. 2022/1277, reg. 2(2)(b) (with reg. 3)

I21 Sch. 53 in force at 1.5.2023 for specified purposes by S.I. 2023/385, art. 2

I22 Sch. 53 in force at 30.9.2023 for specified purposes by S.I. 2023/997, art. 2

I23 Sch. 53 in force at 4.3.2024 for specified purposes by S.I. 2024/133, art. 2

Part 3 U.K. Special provision: date to which late payment interest runs

Property accepted in lieu of inheritance tax U.K.

14 U.K. If, in the case of any amount of inheritance tax—

(a) HMRC agree under section 230 of IHTA 1984 to accept property in satisfaction of the amount, and

(b) under terms of that acceptance the value to be attributed to the property for the purposes of the acceptance is determined as at a date earlier than that on which the property is actually accepted,

the terms may provide that the amount of tax which is satisfied by the acceptance of the property does not carry late payment interest after that date.