Explanatory note
(This note is not part of the Order)
This Order concerns annual tax on enveloped dwellings and related penalties. For these purposes, it brings into force on 1 October 2013 the late payment interest rules for sums due to HM Revenue and Customs, and the repayment interest rules for sums to be paid by themf1. The first payments of the tax are due on 31 October 2013f2.
A Tax Information and Impact Note has not been prepared for this instrument as it gives effect to previously announced policy and is an appointed day order.
Annotations
Footnotes
- f1
-
Sections 101 and 102 of the Finance Act 2009 are the basis for these rules. The rates of interest are in the Taxes and Duties, etc (Interest Rates) Regulations 2011 (S.I. 2011/2446).
- f2
-
The Finance Act 2013, Schedule 35, paragraph 5.