(Dublin) asked the Minister for Finance what time must elapse, following the stated time of payment, before the Revenue Commissioners can charge interest on taxes due.
Ceisteanna—Questions. Oral Answers. - Interest on Tax Payments.
6.
Tax charged by an assessment to income tax, sur-tax or corporation profits tax carries interest from the date on which it becomes due and payable to the date on which it is paid. No interest is, however, payable if the tax is paid within three months of the due date, but this is without prejudice to the right of the Revenue Commissioners to recover the tax, with any appropriate costs, at any time after the due date.
As respects stamp duties, a period of thirty days is allowed before an interest charge arises where ad valorem rates of duty apply. Where duties of fixed amounts are chargeable, interest is payable from the date on which payment becomes due.
In the case of death duties, turnover tax and the tax which an employer is liable to remit under Pay-As-You-Earn, interest is charged from the date on which payment becomes due.