DMBM400020 - Interest: tables of interest bearing charges

Some content of this manual is being considered for archiving. If there is content you use regularly, please email hmrcmanualsteam@hmrc.gov.uk to let us know as soon as possible.

Liability

Interest chargeable

CIS Penalty

yes (Schedule 55 penalties only)

Civil penalties

no

Contract settlements

as per contract and on late payment of contract

Corporation tax

yes

Corporation tax penalties

no

Corporation tax-quarterly payments

yes

Customs Duty

yes

Default surcharge

no

FTN (Schedule 41)

yes

Inaccuracy penalties (Schedule 24)

yes

Income Tax Company Payments

yes

Inheritance tax

yes

Interest on all Heads of Duty

no

NIC Class 1 outside CCJ

yes

NIC Class 1 subject to CCJ

yes

NIC Class 1A

yes

NIC Class 2

no

PAYE Tax outside CCJ

yes

PAYE Tax subject to CCJ

yes

PAYE penalty

no interest is being charged at this time (see DMBM523560)

PAYE Regulation 80 assessments

yes

SA penalty (late filing)

yes

SA penalty (late payment)

yes

SA surcharge (tax years 2009-10 and prior)

yes

SA tax including subject to CCJ

yes

Schedule D outside CCJ

yes

Schedule D subject to CCJ

yes

Section 419 ICTA 88 assessments

yes

Stamp Duty Land Tax

yes

Tax Credit Overpayments (not including fraud, neglect or penalties)

no

VAT Officers Assessment

yes

VAT Prime Assessment

no

VAT Voluntary Disclosure

yes