The UK Publishes Regulations Setting Interest Rates for Over- and Under-Paid Digital Services Tax
The UK has published the Taxes (Interest Rate) (Amendment No. 2) Regulations 2020, which were made on 15 September 2020 and will come into force on 14 October 2020. The regulations set interest rates on over- and under-paid Digital Services Tax (DST) liabilities from taxpayers, which is meant to encourage compliance with making payments on time by ensuring that equity exists between on-time pa…
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