Business terms and jargon explained. Your business dictionary

What is Default Interest

Tax Definition:-

Interest HM Customs and Excise charge on VAT that has been underdeclared or overclaimed, from the time the amount due has been paid.

Crown Copyright. Material taken from HM Revenue & Customs. Reproduced under the terms and conditions of the Click-Use Licence.

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Term created / updated 2006-12-03 22:57:51

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