New interest repayment rates introduced

The changes also include new rates for early payments of corporation tax not due by instalments.

The new tax levels, which have come about as a result of changes in the market, are in respect of accounting periods ending on or after 1 July 1999 and took effect from 1 October 2001.

For underpaid instalment payments of corporation tax the band has decreased from 6% to 5.75%.

The rate of interest on overpaid instalment payments of corporation tax, and on corporation tax paid early (but not due by instalments), has fallen from 4.75% to 4.50%.


Revenue’s website

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