13Payment of general interest charge if liability increased by amended assessment

#### 13 Payment of general interest charge if liability increased by amended assessment Liability to pay general interest charge (1) If an amendment of an assessment increasing a taxpayer’s liability to pay surcharge for a financial year is made, the taxpayer is liable to pay the general interest charge on the amount of the increase for each day in the period that: (a) started at the beginning of 15 June in the financial year; and (b) finishes at the end of the day before the amended assessment is made. > Note: The general interest charge is worked out under Part IIA of the Taxation Administration Act 1953. Amendment of nil assessment (2) If: (a) the Commissioner has calculated that no surcharge is payable by a taxpayer for a financial year; and (b) the Commissioner afterwards makes an assessment of surcharge payable by the taxpayer for the financial year; that assessment is taken to be an amended assessment.