# Oil Taxation Act 1975, Paragraph 15


(1) Subject to sub-paragraph (2) below, tax charged in an assessment for a chargeable period shall carry interest at the rate applicable under section 178 of the Finance Act 1989 from two months after the end of the period until payment.
(2) Nothing in sub-paragraph (1) above shall authorise or require interest to be charged from any time before 30th April 1976.
(3) Where, under paragraph 14(3) above, tax may be withheld until the determination or abandonment of an appeal, the interest on that tax may also be withheld until the determination or abandonment of the appeal.

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Source: https://www.legislation.gov.uk/ukpga/1975/22/schedule/2/paragraph/15 (the official version)
Page: https://openlegislation.uk/oil-taxation-act-1975/schedule-2/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.