# The Taxes (Interest Rate) (Amendment No. 1) Regulations 2001, Regulation 4: Amendments to the principal Regulations


In regulation 3AA(1)—
(a) after paragraph (a) insert the following paragraph—
“(aa) section 86 of the Taxes Management Act 1970 as it has effect in relation to accounting periods of companies ending before 1st October 1993 (interest on unpaid assessed corporation tax),”;
(b) for the words “be 6.25 per cent. per annum” substitute—
“be—
(i) where paragraph (aa) above applies, 6.5 per cent. per annum;
(ii) in all other cases, 6.25 per cent. per annum.”.

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Source: https://www.legislation.gov.uk/uksi/2001/204/regulation/4 (the official version)
Page: https://openlegislation.uk/taxes-interest-rate-amendment-no-1-regulations-2001/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.