000			01559nam a2200265 i 4500
008			820212s1977 enka gr 001 0 eng
020			_a0852911858 :
040			_aDLC _cDLC
050	0	0	_aKD5385 _b.K45
082	0	0	_a343.4104'2 _aKEL
100	1		_aKelley, Peter P.
245	1	0	_aInterest on unpaid or overpaid tax /
260			_aLondon : _bInstitute of Chartered Accountants in England and Wales, _c1977.
300			_a[9], 20 p. ;
440		0	_aChartac taxation guides
500			_aErrata slip inserted.
500			_aIncludes index.
520			_aUse of money interest (UOMI) is imposed on both unpaid and overpaid tax by the Tax Administration Act 1994. The UOMI imposed on unpaid tax represents a significant cost for taxpayers. The Govenrment has changed the rules relating to the setting of the UOMI rates several times since they came into effect in 1995. The article analyses the rules (as amended) and considers whether they adequately and fairly meet thier statutory objectives of compensating the Commissioner and taxpayers for the loss of use of money and encouraging taxpayers to pay the corrct amount of tax on time. The writer argues that the current rules do not achieve a fair balance between the statutory objectives and that they operate to the detriment of taxpayers. He suggests ways in which the Government could address the perceived deficiencies in the rules.
590			_aaia 13/03/2019
591			_aLoans
650		0	_aTax collection
650		0	_aDeferred tax
942			_2ddc _cBOOK
949			_a343.4104'2 KEL
999			_c15086 _d15086