{
  "url": "https://openlegislation.uk/finance-act-2022/schedule-2/paragraph-50",
  "json_url": "https://openlegislation.uk/finance-act-2022/schedule-2/paragraph-50.json",
  "legislation": "ukpga/2022/3",
  "legislation_title": "Finance Act 2022",
  "legislation_url": "https://openlegislation.uk/finance-act-2022",
  "path": "schedule/2/paragraph/50",
  "kind": "paragraph",
  "number": "50",
  "heading": "Late interest",
  "text": "(1) Section 373(1) of CTA 2009 (late interest treated as not accruing until paid in some cases) does not apply to a qualifying debit.\n(2) For the purpose of this paragraph, a debit is “qualifying” if—\n(a) it relates to interest payable under a debtor relationship of a QAHC,\n(b) the QAHC is party to the relationship for the purposes of its QAHC ring fence business, and\n(c) the interest to which the debit relates accrues at a time when the QAHC is a QAHC.\n(3) Where a QAHC is party to a debtor relationship partly for the purposes of its QAHC ring fence business and partly for another purpose, sub-paragraph (1) applies only to the proportion of the qualifying debit that is attributable to the QAHC ring fence business (apportioned on a just and reasonable basis).\n(4) In this paragraph “debit” and “debtor relationship” are to be construed in accordance with Part 5 of CTA 2009.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2022/3/schedule/2/paragraph/50",
    "retrieved_at": "2026-10-29T08:57:50.927298+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."
}