SCHEDULES
C4SCHEDULE 2 Management and Collection of Petroleum Revenue Tax
Annotations:
Modifications etc. (not altering text)
Interest on tax
C1C2C316
F1Subject to paragraph 17 below where any amount of tax charged by an assessment to tax F2or paid on account of tax so charged becomes repayable under any provision of this Part of this Act that amount shall carry interest at the F3rate applicable under section 178 of the Finance Act 1989F4from—
a
two months after the end of the chargeable period for which the assessment was made; or
b
the date on which it was paid,
whichever is the later, until F5the order for repayment is issued.
See Oil Taxation Act 1983 (c. 56), Sch. 4 para. 14 for application of Sch. 2 to tax chargeable only by virtue of the provisions of s. 12 and Sch. 4 of that Act