Tax interest provision now includes relief under section 89, affecting interest calculation for taxpayers retroactively. The amendment inserts clause (ia) into Explanation 1 to subsection (1) of the interest provision, adding that any relief of tax allowed under section 89 ... Summary
Tax interest provision now includes relief under section 89, affecting interest calculation for taxpayers retroactively.
The amendment inserts clause (ia) into Explanation 1 to subsection (1) of the interest provision, adding that any relief of tax allowed under section 89 is included in the Explanation; this insertion is deemed effective from 1 April 2007.
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