HMRC interest on delayed payment

Everyday Islamic Finance Business and Career Questions
#1

Salaam,

I had a question about deferring corporate tax payment due to current coronavirus crisis and resulting impact on company finances. HMRC charges some interest over and above the tax bill due if one requests an extension of the payment deadline and agrees an arrangement with them to pay in installments over 6 months (after the deadline date). What is the view on these interest payments?

Thanks,
Umer.

#2

3 posts were merged into an existing topic: Objecting to interest-based dealings

#3