Statutory Instrument 2000 No. 893

The Taxes (Interest Rate) (Amendment) Regulations 2000

(The document as of February, 2008)

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STATUTORY INSTRUMENTS

2000 No. 893

INCOME TAX

INHERITANCE TAX

TAXES

The Taxes (Interest Rate) (Amendment) Regulations 2000

	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[1], 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[2] 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.

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.

Notes:

[1] 1989 c. 26: section 178 was amended by paragraph 44 of Schedule 19 to the Finance Act 1994 (c. 9).back

[2] S.I. 1989/1297; regulation 3ZA was inserted by S.I. 1998/3176, regulation 6.back

ISBN 0 11 099173 7

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