SolvedDMBM450070 | Legislation: PAYE Regulations: Interest on tax unpaid and overpaid
From HM Revenue & Customs · Debt Management and Banking Manual
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| Subject | Income Tax (Pay as You Earn Regulations) 2003 |
|---|---|
| Interest on tax unpaid | - |
| Chargeable for years from 92/3 onwards | 82(1), (2) |
| Interest not chargeable on employer if direction given for tax to be recovered from employee | 82(4) |
| Rate of interest | 82(7) |
| Reckonable date | 82(8) |
| Reckonable date includes non-business days | 82(3) |
| Interest recoverable as if it were tax | 84(2) |
| IR certificate of interest due from and unpaid by employer | 218(3) |
| Challenge to IR certificate | 218(6) |
| Interest on tax overpaid | - |
| Interest on tax repayments for 92/93-95/96 | Sch 1 para 23 |
| Interest on tax repayments for 96/97 onwards | 83 |
| Rate of interest for 96/97 onwards | 83(4) |