K6: Return economically equivalent to interest

Priority of other tax charges

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- Disguised interest charge only applies to a return if it is not otherwise charged to income tax (except the miscellaneous income charge)

- Either charged under another provision or would have been but for exemption.

Legislation: ITTOIA s.381A, s.687(2).

Cases: 

HMRC manuals: 

Commentary: 

See also:

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