CTHIn ForceAct
Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012
115‑30 General interest charge on late p115‑30 General interest charge on late payment
Start here
Get a plain-English read of 115‑30 General interest charge on late p
Turn the raw legal text into a practical explanation grounded in Minerals Resource Rent Tax (Consequential Amendments and Transitional Provisions) Act 2012.
115‑30 General interest charge on late payment
If you fail to pay some or all of an instalment by the time by which the instalment is due to be paid, you are liable to pay the *general interest charge on the unpaid amount for each day in the period that: (a) started at the beginning of the day by which the instalment was due to be paid; and (b) finishes at the end of the last day on which, at the end of the day, any of the following remains unpaid: (i) the instalment; (ii) general interest charge on any of the instalment.