Revenue to raise late payment rates
28 August 2012
The Inland Revenue is to increase its interest rates on all late tax payments by up to 1 per cent from next month.
The rate changes are, according to the Revenue, as a result of recent changes in market rates and will apply from 6 September 2004.
The most prominent change is for corporation tax rates for non payment periods ending on or after 1 October 1993, which will change from 5 per cent to 6 per cent and overpaid Corporation tax rates will increase from 2 to 2.75 per...