Official Publications

Notice IPT 1, para. 18 (2002 edn): penalties and interest.


Interest on IPT may be recovered in another member state (Recovery of Duties and Taxes Etc. Due in Other Member States (Corresponding UK Claims, Procedure and Supplementary) Regulations 2004 (SI 2004/674), reg. 24).


Related Commentary  Related HMRC Manuals

21(1)  Where an assessment is made under any provision of section 56 of this Act, the whole of the amount assessed shall carry interest at the rate applicable under section 197 of the Finance Act 1996 from the reckonable date until payment; but this is subject to sub-paragraph (2) and paragraph 25(7) below.

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