- Statutory Instrument 1999 No. 1928
The Taxes (Interest Rate) (Amendment No. 2) Regulations 1999
© Crown Copyright 1999
Statutory Instruments printed from this website are printed under the superintendence and authority of the Controller of HMSO being the Queen's Printer of Acts of Parliament.
The legislation contained on this web site is subject to Crown Copyright protection. It may be reproduced free of charge provided that it is reproduced accurately and that the source and copyright status of the material is made evident to users.
It should be noted that the right to reproduce the text of Statutory Instruments does not extend to the Queen's Printer imprints which should be removed from any copies of the Statutory Instrument which are issued or made available to the public. This includes reproduction of the Statutory Instrument on the Internet and on intranet sites. The Royal Arms may be reproduced only where they are an integral part of the original document.
The text of this Internet version of the Statutory Instrument which is published by the Queen's Printer of Acts of Parliament has been prepared to reflect the text as it was Made. A print version is also available and is published by The Stationery Office Limited as the The Taxes (Interest Rate) (Amendment No. 2) Regulations 1999 , ISBN 0 11 082987 5. The print version may be purchased by clicking here. Braille copies of this Statutory Instrument can also be purchased at the same price as the print edition by contacting TSO Customer Services on 0870 600 5522 or e-mail:customer.services@tso.co.uk.
Further information about the publication of legislation on this website can be found by referring to the Frequently Asked Questions.
To ensure fast access over slow connections, large documents have been segmented into "chunks". Where you see a "continue" button at the bottom of the page of text, this indicates that there is another chunk of text available.
| Made | 6th July 1999 | ||
| Laid before the House of Commons | 7th July 1999 | ||
| Coming into force | 28th July 1999 |
The Treasury, in exercise of the powers conferred on them by section 178 of the Finance Act 1989[1], hereby make the following Regulations:
1. These Regulations may be cited as the Taxes (Interest Rate) (Amendment No. 2) Regulations 1999 and shall come into force on 28th July 1999.
2. In these Regulations "the principal Regulations" means the Taxes (Interest Rate) Regulations 1989[2].
3. In regulation 3BB(1) of the principal Regulations[3]-
-
(a) after the words "being an amount paid" there shall be inserted the words ", or which remains overpaid,";
(b) after the words "paragraph (2)" there shall be inserted the words "and on and after that day".
Bob Ainsworth
Clive Betts
Two of the Lords Commissioners of Her Majesty's Treasury
6th July 1999
(This note is not part of the Regulations)
These Regulations amend regulation 3BB of the Taxes (Interest Rate) Regulations 1989 (S.I. 1989/1297; regulation 3BB was inserted by S.I. 1998/3176). Regulation 3BB relates to interest on overpayments of tax by companies for accounting periods ending on or after 1st July 1999 (the day appointed for corporation tax self-assessment), and the amendment ensures that the regulation applies not only in relation to tax paid on or after the normal due date for payment (nine months and one day after the end of the accounting period concerned) but also in relation to tax paid before that date but which remains overpaid on or after that date.
Notes:
[1] 1989 c. 26. Section 178 was amended by paragraph 44 of Schedule 19 to the Finance Act 1994 (c. 9) and by paragraph 1(3) of Schedule 4 to the Finance Act 1998 (c. 36).back
[2] S.I. 1989/1297; relevant amending instruments are S.I. 1993/2212 and 1998/3176.back
[3] Regulation 3BB was inserted by regulation 8 of S.I. 1998/3176.back
ISBN 0 11 082987 5