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Interest rates
The Revenue has announced new rates of interest for underpaid and overpaid instalment payments of corporation tax, and early payments of corporation tax not due by instalments, in respect of accounting periods ending on or after 1 July 1999. These rates take effect from 1 October 2001.
The rate of interest charged on underpaid instalment payments of corporation tax has decreased from 6 per cent to 5.75 per cent.
Interest rates
The Revenue has announced new rates of interest for underpaid and overpaid instalment payments of corporation tax, and early payments of corporation tax not due by instalments, in respect of accounting periods ending on or after 1 July 1999. These rates take effect from 1 October 2001.
The rate of interest charged on underpaid instalment payments of corporation tax has decreased from 6 per cent to 5.75 per cent.
The rate of interest on overpaid instalment payments of corporation tax, and on corporation tax paid early (but not due by instalments), has decreased from 4.75 per cent to 4.50 per cent.
(Source: Inland Revenue press release dated 28 September 2001.)
NI manual available
The Revenue's National Insurance Manual is now available for reading on the Revenue website: www.inlandrevenue.gov.uk/manuals/nimmanual/index.htm.
