Penalties may be levied on a company which deliberately or recklessly fails to pay an amount required in an instalment (i.e. it pays nothing when due, or underpays) or fraudulently or negligently makes a repayment claim up to a maximum of twice the interest due on the underpayment (Corporation Tax (Instalment Payments) Regulations 1998 (SI 1998/3175), reg. 13).

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