TCM4000 Reference Section | Inland Revenue Rates and Allowances |
Interest Rates |
Interest Rate on Late Payments | From 06/03/1999 | From 06/02/2000 | From 06/05/2001 | From 06/11/2001 | ||||
Income Tax, NIC & CGT | 7.5% | 8.5% | 7.5% | 7% | ||||
Corporation Tax Pay & File | 5.8% | 6.8% | 6% | 5% | ||||
Corporation Tax Pre-Pay & File | 5.8% | 6.5% | 5.8% | 5% | ||||
CTSA, From normal due date | 7.5% | 8.5% | 7.5% | 7% | ||||
Inheritance Tax, CTT & Estate Duty | 4% | 5% | 4% | 3% | ||||
Interest Rate on Repayments | From 06/03/1999 | From 06/02/2000 | From 06/05/2001 | From 06/11/2001 | ||||
Income Tax, NIC & CGT | 3% | 4% | 3.5% | 2.5% | ||||
Corporation Tax Pay & File | 2.75% | 3.5% | 2.75% | 2% | ||||
Corporation Tax Pre-Pay & File | 5.75% | 6.5% | 5.75% | 5% | ||||
CTSA, From normal due date | 4% | 5% | 4% | 3% | ||||
Inheritance Tax, CTT & Estate Duty | 4% | 5% | 4% | 3% |
Other CTSA Interest Rates applying up to the normal due date | |||
From | To | Interest charged on underpaid quarterly instalment payments | Interest paid on overpaid quarterly instalment payments and on early payments of Corporation Tax not due by instalments. |
19/11/2001 | 5% | 3.75% | |
15/10/2001 | 18/11/2001 | 5.5% | 4.25% |
01/10/2001 | 14/10/2001 | 5.75% | 4.5% |
13/08/2001 | 30/09/2001 | 6% | 4.75% |
21/05/2001 | 12/08/2001 | 6.25% | 5% |
16/04/2001 | 20/05/2001 | 6.5% | 5.25% |
19/03/2001 | 15/04/2001 | 6.75% | 5.5% |
19/02/2001 | 18/03/2001 | 6.75% | 5.5% |
20/04/2000 | 18/02/2001 | 7% | 5.75% |
21/02/2000 | 19/04/2000 | 8% | 5.75% |
24/01/2000 | 20/02/2000 | 7.75% | 5.5% |
15/11/1999 | 23/01/2000 | 7.5% | 5.25% |
20/09/1999 | 14/11/1999 | 7.25% | 5% |
21/06/1999 | 19/09/1999 | 7% | 4.75% |
19/04/1999 | 20/06/1999 | 7.25% | 5% |
15/02/1999 | 18/04/1999 | 7.5% | 5.25% |
18/01/1999 | 14/02/1999 | 8% | 5.75% |
01/01/1999 | 17/01/1999 | 8.25% | 6% |
Source: HM Government Inland Revenue |