Policy paper

Corporation Tax: changes to restitution interest rules

This measure is about changes to restitution interest rules in part 8C of the Corporation Tax Act 2010.

• From: HM Revenue & Customs
• Published: 28 April 2025
• Last updated: 28 April 2025 — See all updates

Documents

Changes to restitution interest rules in part 8C of the Corporation Tax Act 2010

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Draft statutory instrument

PDF, 149 KB, 3 pages

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Draft statutory instrument (accessible version)

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Details

This measure explains that the rules which apply to restitution interest only apply to awards made at a rate of interest greater than a statutory rate. It also makes changes so that an assessment under part 8C may be made within 2 years of the end of the accounting period in which the restitution claim is finally determined, if the normal assessing time limit has expired.

The government is seeking technical feedback on the draft regulations to:

• ensure they operate as the government intends
• identify any areas which need further clarification in more detailed guidance

A technical consultation on the draft regulations runs from 28 April 2025 to 30 May 2025.

To provide comments, email: part8cctaamendments2025@hmrc.gov.uk by 11:59pm on 30 May 2025.

Published 28 April 2025

Last updated 28 April 2025 + show all updates

1. 28 April 2025

   The dates that the technical consultation is open and the closing date to provide comments have been changed. The consultation runs from 28 April 2025 to 30 May 2025.

2. 28 April 2025

   First published.