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Taxes Consolidation Act, 1997 (Number 39 of 1997)


529H Interest on late payment of appropriate tax.

(1) Where an amount of tax which a qualifying company is liable to pay under this Chapter to the Collector-General is not paid by the due date concerned, simple interest on the amount outstanding shall be paid by the qualifying company to the Collector-General and shall be calculated from the due date concerned until payment, for any day or part of a day during which the amount remains unpaid at the rate specified in section 1080.

(2) Subsections (3) to (5) of section 1080 shall apply in relation to interest payable under subsection (1) as they apply in relation to interest payable under that section.




Inserted by F(No.2)A13 s25(1). Comes into operation on such day as the Minister for Finance may appoint by order.