Revenue Note for Guidance

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Revenue Note for Guidance

1089 Status of interest on certain unpaid taxes and duties

(1) Interest payable on unpaid Stamp Duty, VAT, Relevant Contracts Tax and PAYE tax deducted by employers but not remitted is —

  • payable without deduction of tax, and
  • not allowable in computing any income, profits or gains for tax purposes.

(2) Interest payable on unpaid Wealth Tax and Capital Acquisitions Tax is not allowable in computing any income, profits or gains for tax purposes.

Relevant Date: Finance Act 2021