Part III Income Tax, Corporation Tax and Capital Gains Tax
Chapter I General
62F1 Interest on unpaid tax.
1
In the provisions mentioned in subsection (2) below (remission of interest on unpaid tax where the amount of interest does not exceed £10) for “£10” there shall be substituted “
£30
”
.
2
The provisions referred to above are—
a
section 86(6) of the Taxes Management Act 1970 (income tax, corporation tax and capital gains tax);
b
section 87(4) of that Act (advance corporation tax and income tax on company payments); and
c
section 87(3) of that Act as originally enacted (income tax on company distributions).
3
This section has effect in relation to interest on tax charged by assessments notice of which is issued after the passing of this Act.