Customs and Excise will pay interest on VAT errors
Language: English Series: HM Customs and Excise News Release ; no 58/91 1 August 1991 2 pagesPublication details: 1991Subject(s): Summary: Since 25 July 1991, HM Customs and Excise is paying 12 per cent interest on incorrect VAT payments made as a result of Departmental error. Tax payers now have a statutory right under the Finance Act 1991 to claim interest as far back as the introduction of the tax in 1973. Gives full table of interest rates.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2732-46 (Browse shelf(Opens below)) | 1 | Available | 60701-1001 |
Since 25 July 1991, HM Customs and Excise is paying 12 per cent interest on incorrect VAT payments made as a result of Departmental error. Tax payers now have a statutory right under the Finance Act 1991 to claim interest as far back as the introduction of the tax in 1973. Gives full table of interest rates.