TAXATION (INTEREST ON UNDERPAYMENTS) ACT 1986 (REPEALED)
SECTION 1
1
SHORT TITLE
This Act may be cited as the Taxation (Interest on Underpayments) Act 1986. SECTION 2 2 COMMENCEMENT
This Act shall come into operation on the day on which it receives the Royal Assent. SECTION 3 IMPOSITION OF INTEREST CHARGE 3(1) [Imposition]
This Act may be cited as the Taxation (Interest on Underpayments) Act 1986. SECTION 2 2 COMMENCEMENT
This Act shall come into operation on the day on which it receives the Royal Assent. SECTION 3 IMPOSITION OF INTEREST CHARGE 3(1) [Imposition]
Interest that is payable in accordance with section 170AA of the Income Tax Assessment Act 1936 is imposed by this Act.
3(2) [Exception]Subsection (1) does not apply to interest that is not a tax.
View history note
Hide history note[ CCH Note: The Taxation (Interest on Underpayments) Act 1986 was repealed by No 11 of 1999, s 3 and Sch 1 item 372, effective 1 July 1999.]