Revenue has updated the guidelines for charging interest on late payment through Revenue Debt Management Services. The manual now includes relevant details for capital acquisitions tax. The purpose of the guidance is to explain why interest is charged and how interest charges are raised and charged from the Debt Management Services.
The title of the guidelines has also been updated and references to charging interest on fixed direct debit and balloon payments have been removed. Appendix 4, which provides details of the due dates for self-assessed taxes, has been updated to reflect current practices.
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