Section 357YK Corporation tax rate on restitution interestF1
(1)
Corporation tax is charged on restitution interest at the restitution payments rate.
(2)
The “restitution payments rate” is 45%.
Annotations
Textual amendments
- F1
Pt. 8C inserted (18.11.2015) (with effect in accordance with s. 38(9)-(12) of the amending Act) by Finance (No. 2) Act 2015 (c. 33), s. 38(3)