Prospective
17U.K.After paragraph 11 insert—
“Instalments of petroleum revenue taxU.K.
11AThe late payment interest start date in respect of an instalment of petroleum revenue tax payable under paragraph 2 of Schedule 19 to FA 1982 (payment for tax) is the last day of the month in which that instalment is payable.
Other amounts of petroleum revenue taxU.K.
11BThe late payment interest start date in respect of any other amount of petroleum revenue tax is the date falling two months after the end of the chargeable period in respect of which the amount is due.”