UK taxation rate

[oldfogy]

Whilst we have to pay to make up the difference of the extra 5% from our Turkish interest,
what is /was the situation when last year Turkey cut the interest rate 15% down to 5% & even 3%, do we then have to pay the UK treasury the difference of 15% or 17%.

 

[Kanga]

Yes. of course you do; it's the law.

 

[Yalides]

whilst we have to pay to make up the difference of the extra 5% from our turkish interest,
what is /was the situation when last year turkey cut the interest rate 15% down to 5% & even 3%, do we then have to pay the uk treasury the difference of 15% or 17%.

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