Revenue Note for Guidance

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Revenue Note for Guidance

991 Interest


This section provides for the charging of simple interest per day or part of a day where an employer has failed to pay tax due under the PAYE system. Interest is chargeable from the “due date”’- see section 983 for definition of due date.


(1) Where an employer fails to pay over to the Revenue Commissioners the tax due under this Chapter and the associated regulations, for each day or part of a day for which the tax remains unpaid, simple interest is to be charged on the unpaid tax as follows:

  • before 1 August 1978 at a rate of 0.0492 per cent,
  • between 1 August 1978 and 31 March 1998, at a rate of 0.0410 per cent,
  • between 1 April 1998 and 30 June 2009, at a rate of 0.0322 per cent, and
  • on or after 1 July 2009 at a rate of 0.0274 per cent.

Relevant Date: Finance Act 2021