CT - Unpaid. Interest? - Contractor UK Bulletin Board

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Dandyman replied

12 January 2009, 13:18
For how long do those interest rates last? Eg, is it 3.5 to 5% per month/per annum? And did a penalty fee also apply?

And do they delve that deeply if you can't pay, or just hit you with the charges?
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MaryPoppins replied

12 January 2009, 10:34
Ah, thanks Gonzo, for some reason I couldn't find anything like that.
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Gonzo replied

12 January 2009, 10:33
Originally posted by MaryPoppins View Post

All

A wonderfully irresponsible friend of mine (contractor also) did not pay his CT liability on time, and has been asked by HMRC to pay it in full by the 31/12/2009. He has said they will be charging interest, but he seems unsure of how much. Not sure if anyone might have an idea?

I would look here for guidance:

http://www.hmrc.gov.uk/rates/interest-late.htm
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MaryPoppins started a topic CT - Unpaid. Interest?

12 January 2009, 10:24
CT - Unpaid. Interest?

All

A wonderfully irresponsible friend of mine (contractor also) did not pay his CT liability on time, and has been asked by HMRC to pay it in full by the 31/12/2009. He has said they will be charging interest, but he seems unsure of how much. Not sure if anyone might have an idea?
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