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Legislation
Finance Act 2003

Crossheading Liability for and payment of tax

  • Section 85 Liability for tax
  • Section 86 Payment of tax
  • Section 87 Interest on unpaid tax
  • Section 87A Interest on unpaid tax: cases involving Reserved Investor Fund (Contractual Schemes)
  • Section 88 Interest on penalties
  • Section 89 Interest on repayment of tax overpaid etc
  • Section 90 Application to defer payment in case of contingent or uncertain consideration
  • Section 91 Collection and recovery of tax etc
  • Section 92 Payment by cheque
  1. Liability for and payment of tax
  2. Interest on penalties

Section 88 | Interest on penalties

From legislation.gov.uk

A penalty under this Part shall carry interest at the rate applicable under section 178 of the Finance Act 1989 from the date it is determined until payment.

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