87 Interest on unpaid tax
Finance Act 2003 (2003 c 14) | Legislation

87  Interest on unpaid tax

(1)     Interest is payable on the amount of any unpaid tax from the end of the period of 30 days after the relevant date until the tax is paid.

[(1A)     But where the relevant date is determined by subsection (3)(aa), (aaa), (ab) or (c), and a return is required to be delivered before the end of the period of 14 days after that relevant date, interest is instead payable on the amount of any unpaid tax from the end of that period until the tax is paid.]

(2)     The Inland Revenue may by regulations amend subsection (1) [or (1A)] so as to make interest run from the end of such shorter period after the relevant date as may be prescribed or, if the regulations so provide, from that date.

(3)     For the purposes of this section “the relevant date” is—

[(za)     in the case of an amount payable because relief is withdrawn under any of paragraphs 5G to [5L] of Schedule 4A (higher rate for certain transactions), the date which is the relevant date for the purposes of section 81(1A);]

[(zb)     in the case of an amount

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