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In force since 2026-01-15, as the publisher states.
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2025 No. 1253 CORPORATION TAX The Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2025 Approved by the House of Commons Made at 1.50 p.m. on 1st December 2025 Laid before the House of Commons at 4.30 p.m. on 1st December 2025 Coming into force 15th January 2026 The Treasury make these Regulations in exercise of the power conferred by section 357YW(1) of the Corporation Tax Act 2010.
Propose a changeThese Regulations may be cited as the Corporation Tax Act 2010 (Part 8C) (Amendment) Regulations 2025 and come into force on 15th January 2026.
Propose a changePart 8C of the Corporation Tax Act 2010 is amended in accordance with regulations 3 to 6.
Propose a changeIn section 357YC (meaning of “restitution interest”)— (a) in subsection (4), after “simple interest at a” insert— rate equivalent to or lower than a , and (b) in subsection (5), after “simple interest at a” insert— rate equivalent to or lower than a .
Propose a changeIn section 357YD (further provision about amounts included, or not included, in “restitution interest”)— (a) in subsection (1), in paragraph (b), after “simple interest at a” insert— rate equivalent to or lower than a , and (b) in subsection (2), after “simple interest at a” insert— rate equivalent to or lower than a .
Propose a changeIn section 357YO (duty to deduct tax from payments of restitution interest), in subsection (4), after “simple interest at a” insert— rate equivalent to or lower than a .
Propose a changeIn section 357YQ (assessment of tax chargeable on restitution interest), after subsection (1) insert— (1A) An assessment under this section may be made at any time before the later of— (a) the end of the period of 2 years after the end of the accounting period in which Condition B in section 357YC is met, and (b) the end of any period within which the assessment may otherwise be made under any other provision of the Taxes Acts (within the meaning of section 118(1) of TMA 1970). .
Propose a change