{
  "url": "https://openlegislation.uk/finance-act-1982/schedule-19/paragraph-10",
  "json_url": "https://openlegislation.uk/finance-act-1982/schedule-19/paragraph-10.json",
  "legislation": "ukpga/1982/39",
  "legislation_title": "Finance Act 1982",
  "legislation_url": "https://openlegislation.uk/finance-act-1982",
  "path": "schedule/19/paragraph/10",
  "kind": "paragraph",
  "number": "10",
  "heading": null,
  "text": "(1) APRT payable for a chargeable period but not paid before the end of the second month after the end of that period shall carry interest from the end of that month until payment.\n(2) Any amount payable by a participator as an instalment in respect of a chargeable period for a field and not paid by him in the month in which it ought to be paid shall carry interest from the end of that month until—\n(a) payment of the amount, or\n(b) two months after the end of that period,\nwhichever is the earlier.\n(3) Where, in accordance with paragraph 14 of Schedule 2 to the principal Act as applied by paragraph 7 above, APRT may be withheld until the determination or abandonment of an appeal, the interest on that APRT may also be withheld until the edetermination or abandonment of that appeal.\n(4) Where an amount of APRT or an amount paid by way of instalment becomes repayable, that amount shall carry interest from—\n(a) two months after the end of the chargeable period in respect of which the APRT or the instalment was paid, or\n(b) the date on which the amount was paid,\nwhichever is the later, until the order for repayment is issued.\n(5) For the purposes of sub-paragraph (2) above a payment on account of an overdue instalment shall, so far as possible, be attributed to the earliest month for which an instalment is overdue ; and for the purposes of sub-paragraph (4) above any instalment or part of an instalment that becomes repayable shall, so far as possible, be regarded as consisting of the instalment most recently paid.\n(6) In its application (by virtue of paragraph 1 of Schedule 2 to the principal Act) to interest payable under sub-paragraph (1) or sub-paragraph (2) above, section 69n of the Taxes Management Act 1970 shall have effect with the omission of the words “ charged and due and payable under the assessment to which it relates ”.\n(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\n(8) Any reference in this paragraph to interest is a reference to interest at the rate applying under paragraph 15 of Schedule 2 to the principal Act.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words substituted by Finance Act 1989 (c. 26), s. 180(2)(d)(7)—deemed always to have had effect"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Sch. 19 para. 10(7) repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 179, Sch. 10 Pt. 6 (with Sch. 9 paras. 1-9, 22); and also repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 178, Sch. 3 Pt. 2 (with Sch. 1 para. 178(2), Sch. 2)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "See Advance Petroleum Revenue Tax Act 1986 (c. 68, SIF 63:1), s. 1(6)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1982/39/schedule/19/paragraph/10",
    "retrieved_at": "2026-10-29T10:10:59.328177+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}