SCHEDULES

I11I14I15I16I21I12I19I20I9I17I18I10I22I13I23I3I8I5I1I4I2I7I6SCHEDULE 53Late payment interest

Annotations:
Commencement Information
I11

Sch. 53 in force at 31.8.2010 for specified purposes by S.I. 2010/1878, art. 2 (with art. 3)

I14

Sch. 53 in force at 6.10.2011 for specified purposes by S.I. 2011/2391, art. 2(c)

I15

Sch. 53 in force at 31.10.2011 for specified purposes by S.I. 2011/701, art. 3(1) (with art. 4)

I16

Sch. 53 in force at 1.2.2013 for specified purposes by S.I. 2013/67, art. 2

I21

Sch. 53 in force at 1.4.2013 for specified purposes by S.I. 2013/280, art. 2

I12

Sch. 53 in force at 1.10.2013 for specified purposes by S.I. 2013/2472, art. 2

I19

Sch. 53 in force at 6.5.2014 for specified purposes by S.I. 2014/992, art. 3(1)

I20

Sch. 53 in force retrospectively at 6.5.2014 for further specified purposes by Finance Act 2019 (c. 1), s. 88(6)

I9

Sch. 53 in force at 1.1.2015 for specified purposes by S.I. 2014/3269, art. 4(1) (with art. 4(2))

I17

Sch. 53 in force at 1.1.2015 for specified purposes by S.I. 2014/3324, art. 3

I18

Sch. 53 in force at 1.4.2015 for specified purposes by S.I. 2015/974, art. 2

I10

Sch. 53 in force at 6.4.2018 for specified purposes by S.I. 2018/468, art. 2(a)

I22

Sch. 53 in force at 6.4.2019 for specified purposes by 2019 c. 1, Sch. 2 para. 31

I13

Sch. 53 in force at 1.6.2019 for specified purposes by S.I. 2019/918, art. 2

I23

Sch. 53 in force at 1.6.2019 for specified purposes by S.I. 2019/921, art. 2

I3

Sch. 53 in force at 6.9.2019 for specified purposes by S.I. 2019/1238, art. 2 (with art. 3)

I8

Sch. 53 in force at 5.10.2020 for specified purposes by S.I. 2020/979, art. 3(1)

I5

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

I1

Sch. 53 in force at 1.4.2022 for specified purposes by S.I. 2021/1409, reg. 2(a)

I4

Sch. 53 in force at 1.1.2023 for specified purposes by S.I. 2022/1277, reg. 2(2)(b) (with reg. 3)

I2

Sch. 53 in force at 1.5.2023 for specified purposes by S.I. 2023/385, art. 2

I7

Sch. 53 in force at 30.9.2023 for specified purposes by S.I. 2023/997, art. 2

I6

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

Annotations:
Modifications etc. (not altering text)
C1

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.