# The Taxes (Interest Rate) (Amendment) Regulations 2000

S.I. 2000/893 · made 29 March 2000

These Regulations amend the Taxes (Interest Rate) Regulations 1989 by providing for a reduction of 1 per cent. in the rate of interest payable by large companies on underpayments of corporation tax under the arrangements for quarterly instalment payments.

Made under: Finance Act 1989 (Section 178)

PDFs: Printed copy https://openlegislation.uk/taxes-interest-rate-amendment-regulations-2000/pdf/uksi_20000893_en.pdf

## Introductory text

INCOME TAX
INHERITANCE TAX
TAXES
Made 29th March 2000
Laid before the House of Commons 29th March 2000
Coming into force 19th April 2000
The Treasury, in exercise of the powers conferred on them by section 178 of the Finance Act 1989, hereby make the following Regulations:

## 1 

These Regulations may be cited as the Taxes (Interest Rate) (Amendment) Regulations 2000 and shall come into force on 19th April 2000.

## 2 

(1) In regulation 3ZA(4) of the Taxes (Interest Rate) Regulations 1989 for “RR+2” substitute “RR+1”.
(2) Paragraph (1) has effect on and after 20th April 2000 in relation to interest running from before that day as well as interest running from, or from after, that day.

## Signature

Jim Dowd
Bob Ainsworth
Two of the Lords Commissioners of Her Majesty’s Treasury
29th March 2000

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Taxes (Interest Rate) Regulations 1989 by providing for a reduction of 1 per cent. in the rate of interest payable by large companies on underpayments of corporation tax under the arrangements for quarterly instalment payments.

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Source: https://www.legislation.gov.uk/uksi/2000/893 (the official version)
Page: https://openlegislation.uk/taxes-interest-rate-amendment-regulations-2000
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.