Explanatory note
(This note is not part of the Order)
This Order appoints 6 October 2011 as the day on which that part of the scheme in sections 101 to 103 of the Finance Act 2009 about the rates of late payment and repayment interest comes into force generallyf1.
A full Impact Assessment of the effect that this instrument will have on the costs of business and the voluntary sector is available from the HMRC website at http://www.hmrc.gov.uk/better-regulation/ia.htm .
Annotations
Footnotes
- f1
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See footnote (b) on page 1. Article 2(2) preserves the position under S.I. 2011/701 for income tax self assessment, except for bringing forward the provision about making regulations providing for the rates of late payment interest and repayment interest.