Assessing time limits: IPT limitations: interest and penalty interest assessments

The time limits described at CH51300 have limitations if you are assessing interest or penalty interest.

You must make assessments for the following within 2 years of the date when the insurance premium tax due for the accounting period concerned has been finally determined.

Interest on under-declared tax assessed (FA1994/SCH7/PARA21(1)).

Penalty interest on unpaid tax (FA1994/SCH7/PARA25(1)).

Assessing time limits: AGL limitations: interest and penalty interest assessments

The time limits described at CH51300 have limitations if you are assessing interest or penalty interest.

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