83 FR 1043 - Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties
DEPARTMENT OF HOMELAND SECURITY Federal Register Volume 83, Issue 6 (January 9, 2018)
Federal Register Volume 83, Issue 6 (January 9, 2018)
| Page Range | 1043-1044 | |
| FR Document | 2018-00176 |
[Federal Register Volume 83, Number 6 (Tuesday, January 9, 2018)] [Notices] [Pages 1043-1044] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-00176] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF HOMELAND SECURITY U.S. Customs and Border Protection Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties AGENCY: U.S. Customs and Border Protection, Department of Homeland Security. ACTION: General notice. ----------------------------------------------------------------------- SUMMARY: This notice advises the public that the quarterly Internal Revenue Service interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties will remain the same from the previous quarter. For the calendar quarter beginning January 1, 2018, the interest rates for overpayments will be 3 percent for corporations and 4 percent for non-corporations, and the interest rate for underpayments will be 4 percent for both corporations and non-corporations. This notice is published for the convenience of the importing public and U.S. Customs and Border Protection personnel. DATES: The rates announced in this notice are applicable as of January 1, 2018. FOR FURTHER INFORMATION CONTACT: Shandy Plicka, Revenue Division, Collection and Refunds Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 298-1717. SUPPLEMENTARY INFORMATION: Background Pursuant to 19 U.S.C. 1505 and Treasury Decision 85-93, published in the Federal Register on May 29, 1985 (50 FR 21832), the interest rate paid on applicable overpayments or underpayments of customs duties must be in accordance with the Internal Revenue Code rate established under 26 U.S.C. 6621 and 6622. Section 6621 provides different interest rates applicable to overpayments: one for corporations and one for non- corporations. The interest rates are based on the Federal short-term rate and determined by the Internal Revenue Service (IRS) on behalf of the Secretary of the Treasury on a quarterly basis. The rates effective for a quarter are determined during the first-month period of the previous quarter. In Revenue Ruling 2017-25, the IRS determined the rates of interest for the calendar quarter beginning January 1, 2018, and ending on March 31, 2018. The interest rate paid to the Treasury for underpayments will be the Federal short-term rate (1%) plus three percentage points (3%) for a total of four percent (4%) for both corporations and non- corporations. For corporate overpayments, the rate is the Federal short-term rate (1%) plus two percentage points (2%) for a total of three percent (3%). For overpayments made by non-corporations, the rate is the Federal short-term rate (1%) plus three percentage points (3%) for a total of four percent (4%). These interest rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties are the same from the previous quarter. These interest rates are subject to change for the calendar quarter beginning April 1, 2018, and ending June 30, 2018. For the convenience of the importing public and U.S. Customs and Border Protection personnel the following list of IRS interest rates used, covering the period from July of 1974 to date, to calculate interest on overdue accounts and refunds of customs duties, is published in summary format. ---------------------------------------------------------------------------------------------------------------- Corporate Under payments Over payments overpayments Beginning date Ending date (percent) (percent) (eff. 1-1-99) (percent) ---------------------------------------------------------------------------------------------------------------- 070174.......................................... 063075 6 6 .............. 070175.......................................... 013176 9 9 .............. 020176.......................................... 013178 7 7 .............. 020178.......................................... 013180 6 6 .............. 020180.......................................... 013182 12 12 .............. 020182.......................................... 123182 20 20 .............. 010183.......................................... 063083 16 16 .............. 070183.......................................... 123184 11 11 .............. 010185.......................................... 063085 13 13 .............. 070185.......................................... 123185 11 11 .............. 010186.......................................... 063086 10 10 .............. 070186.......................................... 123186 9 9 .............. 010187.......................................... 093087 9 8 .............. 100187.......................................... 123187 10 9 .............. 010188.......................................... 033188 11 10 .............. [[Page 1044]] 040188.......................................... 093088 10 9 .............. 100188.......................................... 033189 11 10 .............. 040189.......................................... 093089 12 11 .............. 100189.......................................... 033191 11 10 .............. 040191.......................................... 123191 10 9 .............. 010192.......................................... 033192 9 8 .............. 040192.......................................... 093092 8 7 .............. 100192.......................................... 063094 7 6 .............. 070194.......................................... 093094 8 7 .............. 100194.......................................... 033195 9 8 .............. 040195.......................................... 063095 10 9 .............. 070195.......................................... 033196 9 8 .............. 040196.......................................... 063096 8 7 .............. 070196.......................................... 033198 9 8 .............. 040198.......................................... 123198 8 7 .............. 010199.......................................... 033199 7 7 6 040199.......................................... 033100 8 8 7 040100.......................................... 033101 9 9 8 040101.......................................... 063001 8 8 7 070101.......................................... 123101 7 7 6 010102.......................................... 123102 6 6 5 010103.......................................... 093003 5 5 4 100103.......................................... 033104 4 4 3 040104.......................................... 063004 5 5 4 070104.......................................... 093004 4 4 3 100104.......................................... 033105 5 5 4 040105.......................................... 093005 6 6 5 100105.......................................... 063006 7 7 6 070106.......................................... 123107 8 8 7 010108.......................................... 033108 7 7 6 040108.......................................... 063008 6 6 5 070108.......................................... 093008 5 5 4 100108.......................................... 123108 6 6 5 010109.......................................... 033109 5 5 4 040109.......................................... 123110 4 4 3 010111.......................................... 033111 3 3 2 040111.......................................... 093011 4 4 3 100111.......................................... 033116 3 3 2 040116.......................................... 033118 4 4 3 ---------------------------------------------------------------------------------------------------------------- Dated: January 4, 2018. Sean M. Mildrew, Acting Chief Financial Officer, Office of Finance. [FR Doc. 2018-00176 Filed 1-8-18; 8:45 am] BILLING CODE 9111-14-P
![Federal Register / Vol. 83, No. 6 / Tuesday, January 9, 2018 / Notices 1043
council or by contacting Ms. Pamela ACTION: General notice. on a quarterly basis. The rates effective
Foote (see contact information below). for a quarter are determined during the
The meeting can be accessed via SUMMARY: This notice advises the public first-month period of the previous
telephone. To obtain the conference that the quarterly Internal Revenue quarter.
call-in number and access code, submit Service interest rates used to calculate
written or brief oral comments, or interest on overdue accounts In Revenue Ruling 2017–25, the IRS
request special accommodations for (underpayments) and refunds determined the rates of interest for the
persons with disabilities, please register (overpayments) of customs duties will calendar quarter beginning January 1,
at the SAMHSA’s Advisory Council remain the same from the previous 2018, and ending on March 31, 2018.
website at http://nac.samhsa.gov/ quarter. For the calendar quarter The interest rate paid to the Treasury for
Registration/meetingsRegistration.aspx, beginning January 1, 2018, the interest underpayments will be the Federal
or contact Pamela Foote (see contact rates for overpayments will be 3 percent short-term rate (1%) plus three
information below). for corporations and 4 percent for non- percentage points (3%) for a total of four
Committee Name: Substance Abuse and corporations, and the interest rate for percent (4%) for both corporations and
Mental Health Services Administration underpayments will be 4 percent for non-corporations. For corporate
Center for Mental Health Services National both corporations and non-corporations. overpayments, the rate is the Federal
Advisory Council. This notice is published for the short-term rate (1%) plus two
Dates/Time/Type: Wednesday, February convenience of the importing public percentage points (2%) for a total of
14, 2018, 8:30 a.m. to 10:00 a.m. EDT: and U.S. Customs and Border Protection
CLOSED, Wednesday, February 14, 2018,
three percent (3%). For overpayments
personnel. made by non-corporations, the rate is
10:00 a.m. to 5:00 p.m. EDT: OPEN.
Place: SAMHSA, 5600 Fishers Lane, 5th DATES: The rates announced in this the Federal short-term rate (1%) plus
Floor, Conference Room 5N76, Rockville, notice are applicable as of January 1, three percentage points (3%) for a total
Maryland 20857. 2018. of four percent (4%). These interest
Contact: Pamela Foote, Designated Federal rates used to calculate interest on
FOR FURTHER INFORMATION CONTACT:
Official, SAMHSA CMHS National Advisory
Council, 5600 Fishers Lane, Room 14E53C, Shandy Plicka, Revenue Division, overdue accounts (underpayments) and
Rockville, Maryland 20857, Telephone: (240) Collection and Refunds Branch, 6650 refunds (overpayments) of customs
276–1279, Fax: (301) 480–8491, Email: Telecom Drive, Suite #100, duties are the same from the previous
pamela.foote@samhsa.hhs.gov. Indianapolis, Indiana 46278; telephone quarter. These interest rates are subject
(317) 298–1717. to change for the calendar quarter
Carlos Castillo, SUPPLEMENTARY INFORMATION: beginning April 1, 2018, and ending
Committee Management Officer, Substance June 30, 2018.
Abuse and Mental Health Services Background
Administration. For the convenience of the importing
Pursuant to 19 U.S.C. 1505 and
[FR Doc. 2018–00149 Filed 1–8–18; 8:45 am] public and U.S. Customs and Border
Treasury Decision 85–93, published in
Protection personnel the following list
BILLING CODE 4162–20–P the Federal Register on May 29, 1985
(50 FR 21832), the interest rate paid on of IRS interest rates used, covering the
applicable overpayments or period from July of 1974 to date, to
DEPARTMENT OF HOMELAND underpayments of customs duties must calculate interest on overdue accounts
SECURITY be in accordance with the Internal and refunds of customs duties, is
Revenue Code rate established under 26 published in summary format.
U.S. Customs and Border Protection U.S.C. 6621 and 6622. Section 6621
provides different interest rates
Quarterly IRS Interest Rates Used in
applicable to overpayments: one for
Calculating Interest on Overdue
corporations and one for non-
Accounts and Refunds on Customs
corporations.
Duties
The interest rates are based on the
AGENCY: U.S. Customs and Border Federal short-term rate and determined
Protection, Department of Homeland by the Internal Revenue Service (IRS) on
Security. behalf of the Secretary of the Treasury
Corporate
Under Over overpayments
Beginning date Ending date payments payments (eff. 1–1–99)
(percent) (percent) (percent)
070174 ............................................................................................................. 063075 6 6 ........................
070175 ............................................................................................................. 013176 9 9 ........................
020176 ............................................................................................................. 013178 7 7 ........................
020178 ............................................................................................................. 013180 6 6 ........................
020180 ............................................................................................................. 013182 12 12 ........................
020182 ............................................................................................................. 123182 20 20 ........................
010183 ............................................................................................................. 063083 16 16 ........................
sradovich on DSK3GMQ082PROD with NOTICES
070183 ............................................................................................................. 123184 11 11 ........................
010185 ............................................................................................................. 063085 13 13 ........................
070185 ............................................................................................................. 123185 11 11 ........................
010186 ............................................................................................................. 063086 10 10 ........................
070186 ............................................................................................................. 123186 9 9 ........................
010187 ............................................................................................................. 093087 9 8 ........................
100187 ............................................................................................................. 123187 10 9 ........................
010188 ............................................................................................................. 033188 11 10 ........................
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![1044 Federal Register / Vol. 83, No. 6 / Tuesday, January 9, 2018 / Notices
Corporate
Under Over overpayments
Beginning date Ending date payments payments (eff. 1–1–99)
(percent) (percent) (percent)
040188 ............................................................................................................. 093088 10 9 ........................
100188 ............................................................................................................. 033189 11 10 ........................
040189 ............................................................................................................. 093089 12 11 ........................
100189 ............................................................................................................. 033191 11 10 ........................
040191 ............................................................................................................. 123191 10 9 ........................
010192 ............................................................................................................. 033192 9 8 ........................
040192 ............................................................................................................. 093092 8 7 ........................
100192 ............................................................................................................. 063094 7 6 ........................
070194 ............................................................................................................. 093094 8 7 ........................
100194 ............................................................................................................. 033195 9 8 ........................
040195 ............................................................................................................. 063095 10 9 ........................
070195 ............................................................................................................. 033196 9 8 ........................
040196 ............................................................................................................. 063096 8 7 ........................
070196 ............................................................................................................. 033198 9 8 ........................
040198 ............................................................................................................. 123198 8 7 ........................
010199 ............................................................................................................. 033199 7 7 6
040199 ............................................................................................................. 033100 8 8 7
040100 ............................................................................................................. 033101 9 9 8
040101 ............................................................................................................. 063001 8 8 7
070101 ............................................................................................................. 123101 7 7 6
010102 ............................................................................................................. 123102 6 6 5
010103 ............................................................................................................. 093003 5 5 4
100103 ............................................................................................................. 033104 4 4 3
040104 ............................................................................................................. 063004 5 5 4
070104 ............................................................................................................. 093004 4 4 3
100104 ............................................................................................................. 033105 5 5 4
040105 ............................................................................................................. 093005 6 6 5
100105 ............................................................................................................. 063006 7 7 6
070106 ............................................................................................................. 123107 8 8 7
010108 ............................................................................................................. 033108 7 7 6
040108 ............................................................................................................. 063008 6 6 5
070108 ............................................................................................................. 093008 5 5 4
100108 ............................................................................................................. 123108 6 6 5
010109 ............................................................................................................. 033109 5 5 4
040109 ............................................................................................................. 123110 4 4 3
010111 ............................................................................................................. 033111 3 3 2
040111 ............................................................................................................. 093011 4 4 3
100111 ............................................................................................................. 033116 3 3 2
040116 ............................................................................................................. 033118 4 4 3
Dated: January 4, 2018. Common Performance Reporting,’’ to Submit comments about this request
Sean M. Mildrew, the Office of Management and Budget by mail to the Office of Information and
Acting Chief Financial Officer, Office of (OMB) for review and approval for use Regulatory Affairs, Attn: OMB Desk
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Document Created: 2018-01-09 02:18:47
Document Modified: 2018-01-09 02:18:47
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | General notice. | |
| Dates | The rates announced in this notice are applicable as of January 1, 2018. | |
| Contact | Shandy Plicka, Revenue Division, Collection and Refunds Branch, 6650 Telecom Drive, Suite #100, Indianapolis, Indiana 46278; telephone (317) 298-1717. | |
| FR Citation | 83 FR 1043 |
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