Taxes Management Act 1970 section 90

Interest on tax payable gross

Section 90 establishes that interest charged on overdue tax must be paid gross, without any deduction of income tax.

  • Interest arising under Part V of the Taxes Management Act 1970 must be paid without deducting income tax
  • This applies to interest on late payment of tax owed to HMRC
  • The requirement to pay gross means the full amount of interest must be handed over with no tax withheld
  • Subsection (2), which previously dealt with corporation tax aspects, has been repealed and moved to the Corporation Tax Act 2009

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