# The Taxes (Interest Rate) (Amendment) Regulations 2000, Note: 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/note (the official version)
Page: https://openlegislation.uk/taxes-interest-rate-amendment-regulations-2000/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.