SDLTM85930 - Compliance: Interest
Interest on unpaid tax: Relevant date
Interest is payable on an amount of unpaid tax from 30 days
after the relevant date, in accordance with FA03/S87.
For most cases the relevant date will be the effective date
of the transaction with the exception of the following
- when relief is withdrawn under
FA03/SCH7/PARA1 (group relief) the relevant date is the date when a
disqualifying event occurs under FA03/SCH7/PARA3. See
SDLTM23070
- when relief is withdrawn under
FA03/SCH7/PARA7 (reconstruction and acquisition reliefs) the
relevant date is the date when a disqualifying event occurs under
FA03/SCH7/PARA9. See
SDLTM23230
- when relief is withdrawn under FA03/SCH8
(charities relief) the relevant date is the date when a
disqualifying event occurs under FA03/SCH8/PARA2. See
SDLTM26020
- when a deferred payment under FA03/S90 has
been applied for and agreed the relevant date is the date upon
which the deferred payment falls due. See
SDLTM50900
