SCHEDULES
I11I14I15I16I21I12I19I20I9I17I18I10I22I13I23I3I8I5I1I4I2I7I6SCHEDULE 53Late payment interest
Sch. 53 in force at 6.10.2011 for specified purposes by S.I. 2011/2391, art. 2(c)
Sch. 53 in force at 31.10.2011 for specified purposes by S.I. 2011/701, art. 3(1) (with art. 4)
Sch. 53 in force at 1.2.2013 for specified purposes by S.I. 2013/67, art. 2
Sch. 53 in force at 1.4.2013 for specified purposes by S.I. 2013/280, art. 2
Sch. 53 in force at 1.10.2013 for specified purposes by S.I. 2013/2472, art. 2
Sch. 53 in force at 6.5.2014 for specified purposes by S.I. 2014/992, art. 3(1)
Sch. 53 in force retrospectively at 6.5.2014 for further specified purposes by Finance Act 2019 (c. 1), s. 88(6)
Sch. 53 in force at 1.1.2015 for specified purposes by S.I. 2014/3269, art. 4(1) (with art. 4(2))
Sch. 53 in force at 1.1.2015 for specified purposes by S.I. 2014/3324, art. 3
Sch. 53 in force at 1.4.2015 for specified purposes by S.I. 2015/974, art. 2
Sch. 53 in force at 6.4.2018 for specified purposes by S.I. 2018/468, art. 2(a)
Sch. 53 in force at 6.4.2019 for specified purposes by 2019 c. 1, Sch. 2 para. 31
Sch. 53 in force at 1.6.2019 for specified purposes by S.I. 2019/918, art. 2
Sch. 53 in force at 1.6.2019 for specified purposes by S.I. 2019/921, art. 2
Sch. 53 in force at 6.9.2019 for specified purposes by S.I. 2019/1238, art. 2 (with art. 3)
Sch. 53 in force at 5.10.2020 for specified purposes by S.I. 2020/979, art. 3(1)
Sch. 53 in force at 6.4.2021 for specified purposes by S.I. 2021/445, reg. 2;
Sch. 53 in force at 6.4.2021 for specified purposes by 2020 c. 14, Sch. 1 para. 29 (with Sch. 1 paras. 30-34);
Sch. 53 in force retrospectively at 6.4.2021 for specified purposes by 2022 c. 3, Sch. 10 para. 29
Sch. 53 in force at 1.4.2022 for specified purposes by S.I. 2021/1409, reg. 2(a)
Sch. 53 in force at 1.1.2023 for specified purposes by S.I. 2022/1277, reg. 2(2)(b) (with reg. 3)
Sch. 53 in force at 1.5.2023 for specified purposes by S.I. 2023/385, art. 2
Sch. 53 in force at 30.9.2023 for specified purposes by S.I. 2023/997, art. 2
Sch. 53 in force at 4.3.2024 for specified purposes by S.I. 2024/133, art. 2
C1Part 2Special provision: late payment interest start date
Sch. 53 Pt. 2 modified (8.4.2010) by Finance Act 2010 (c. 13), Sch. 1 para. 30(2)
Amendments and discovery assessments etc
C23
1
This paragraph applies to any amount which is due and payable as a result of—
a
an amendment or correction to an assessment or self-assessment (“assessment A”),
b
an assessment made by HMRC in place of or in addition to an assessment (“assessment A”) which was made by a taxpayer, or
c
an assessment made by HMRC in place of an assessment (“assessment A”) which ought to have been made by a taxpayer.
2
The late payment interest start date in respect of that amount is the date which would have been the late payment interest start date if—
a
assessment A had been complete and accurate and had been made on the date (if any) by which it was required to be made, and
b
accordingly, the amount had been due and payable as a result of assessment A.
3
In the case of a person (“P”) who failed to give notice F2in accordance with a requirement under section 7 of TMA 1970 (notice of liability to tax) F1that arose by virtue of subsection (1A) of that section, the reference in sub-paragraph (1)(c) to an assessment which ought to have been made by P is a reference to the assessment which P would have been required to make if an officer of Revenue and Customs had given notice under section 8 of that Act.
4
In this paragraph “assessment” means any assessment or determination (however described) of any amount due and payable to HMRC.
Sch. 53 in force at 31.8.2010 for specified purposes by S.I. 2010/1878, art. 2 (with art. 3)