TAXATION (INTEREST ON OVERPAYMENTS AND EARLY PAYMENTS) ACT 1983 (ARCHIVE)

PART IIB - INTEREST ON OVERPAYMENTS RESULTING FROM ASSESSMENTS  

SECTION 8H (ARCHIVE)   INTEREST PERIOD - FULL SELF-ASSESSMENT TAXPAYERS  

8H(1)   [Interest for period until first crediting occurs]  

If subsection 8G(1) applies to a person who is an instalment taxpayer or a relevant entity, the interest is payable on the excess mentioned in paragraph 8G(1)(d) for the period from the beginning of the earlier of the following days:


(a) the 30th day after the day on which the person furnishes the return of income for the year of income;


(b) the final instalment day in relation to the year of income;

until the end of the day on which the first crediting occurs.

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8H(2)   [Interest for period until later crediting occurs]  

If subsection 8G(2) applies to a person who is a relevant entity or an instalment taxpayer and subsection (3) of this section does not apply, the interest is payable on the excess mentioned in paragraph 8G(2)(c) for the period from the beginning of the final instalment day until the end of the day on which the later crediting occurs.

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