DMBM523730 - Debt and return pursuit: PAYE: legislation/regulations: interest on tax unpaid and overpaid regulations
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.
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)