[F1357YKCorporation tax rate on restitution interestU.K.
This section has no associated Explanatory Notes
(1)Corporation tax is charged on restitution interest at the restitution payments rate.
(2)The “restitution payments rate” is 45%.]
Textual Amendments
F1Pt. 8C inserted (18.11.2015) (with effect in accordance with s. 38(9)-(12) of the amending Act) by Finance (No. 2) Act 2015 (c. 33), s. 38(3)