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Interest on early payments and overpayments of tax 2010-11

 
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Warning: This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

How is interest calculated?

Interest is generally calculated as follows:

number of days
       365*

X

amount of payment

X

interest rate for period
            100

*366 for a leap year

Last Modified: Wednesday, 29 June 2011
 
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