HC Deb 19 November 1947 vol 444 c1156

10. "That—

  1. (a) interest at three per cent. per annum shall be payable on unpaid income tax (including surtax);
  2. (b) the said interest and any interest payable on profits tax or excess profits tax shall be paid without deduction of income tax and shall not be allowed to be deducted in computing the amount of any income or loss for any of the purposes of the Income Tax Acts;
  3. (c) the preceding provisions of this Resolution shall be deemed always to have had effect, except that interest shall in no case begin to run before the first day of January, nineteen hundred and forty-eight; and
  4. (d) any Act of the present Session giving effect to this Resolution may contain provisions consequential on or incidental to any of the provisions aforesaid."