Quarterly IRS Interest Rates Used in Calculating Interest on Overdue Accounts and Refunds on Customs Duties, 33232-33233 [2018-15179]
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33232
Federal Register / Vol. 83, No. 137 / Tuesday, July 17, 2018 / Notices
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Committee Name: Substance Abuse and
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(ACWS).
Date/Time/Type: Wednesday, August 1,
2018, from: 9:00 a.m. to 4:45 p.m. EDT, Open.
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Carlos Castillo,
Committee Management Officer.
[FR Doc. 2018–15227 Filed 7–16–18; 8:45 am]
BILLING CODE 4162–20–P
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
U.S. Customs and Border
Protection, Department of Homeland
Security.
ACTION: General notice.
AGENCY:
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 July 1, 2018, the interest rates
for overpayments will be 4 percent for
corporations and 5 percent for noncorporations, and the interest rate for
underpayments will be 5 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 July 1, 2018.
FOR FURTHER INFORMATION CONTACT:
Shawn Kaus, Revenue Division,
Collection Refunds & Analysis Branch,
6650 Telecom Drive, Suite #100,
Indianapolis, Indiana 46278; telephone
(317) 614–4485.
SUPPLEMENTARY INFORMATION:
SUMMARY:
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
daltland on DSKBBV9HB2PROD with NOTICES
Beginning date
070174
070175
020176
020178
020180
020182
010183
070183
010185
070185
010186
070186
010187
100187
010188
VerDate Sep<11>2014
17:07 Jul 16, 2018
Underpayments
(percent)
Ending date
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Jkt 244001
063075
013176
013178
013180
013182
123182
063083
123184
063085
123185
063086
123186
093087
123187
033188
PO 00000
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 noncorporations.
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 2018–18, the IRS
determined the rates of interest for the
calendar quarter beginning July 1, 2018,
and ending on September 30, 2018. The
interest rate paid to the Treasury for
underpayments will be the Federal
short-term rate (2%) plus three
percentage points (3%) for a total of five
percent (5%) for both corporations and
non-corporations. For corporate
overpayments, the rate is the Federal
short-term rate (2%) plus two
percentage points (2%) for a total of four
percent (4%). For overpayments made
by non-corporations, the rate is the
Federal short-term rate (2%) plus three
percentage points (3%) for a total of five
percent (5%). 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 October 1, 2018, and ending
December 31, 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.
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Frm 00041
Fmt 4703
Sfmt 4703
E:\FR\FM\17JYN1.SGM
Corporate
overpayments
(eff. 1–1–99)
(percent)
Overpayments
(percent)
6
9
7
6
12
20
16
11
13
11
10
9
9
10
11
17JYN1
6
9
7
6
12
20
16
11
13
11
10
9
8
9
10
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33233
Federal Register / Vol. 83, No. 137 / Tuesday, July 17, 2018 / Notices
Beginning date
040188
100188
040189
100189
040191
010192
040192
100192
070194
100194
040195
070195
040196
070196
040198
010199
040199
040100
040101
070101
010102
010103
100103
040104
070104
100104
040105
100105
070106
010108
040108
070108
100108
010109
040109
010111
040111
100111
040116
040118
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093088
033189
093089
033191
123191
033192
093092
063094
093094
033195
063095
033196
063096
033198
123198
033199
033100
033101
063001
123101
123102
093003
033104
063004
093004
033105
093005
063006
123107
033108
063008
093008
123108
033109
123110
033111
093011
033116
033118
093018
Dated: July 11, 2018.
Samuel D. Grable,
Assistant Commissioner and Chief Financial
Officer, Office of Finance.
[FR Doc. 2018–15179 Filed 7–16–18; 8:45 am]
BILLING CODE 9111–14–P
DEPARTMENT OF HOMELAND
SECURITY
U.S. Customs and Border Protection
[1651–0096]
daltland on DSKBBV9HB2PROD with NOTICES
Agency Information Collection
Activities: Transfer of Cargo to a
Container Station
U.S. Customs and Border
Protection (CBP), Department of
Homeland Security.
ACTION: 60-Day notice and request for
comments; extension of an existing
collection of information.
AGENCY:
VerDate Sep<11>2014
17:07 Jul 16, 2018
Underpayments
(percent)
Ending date
Jkt 244001
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The Department of Homeland
Security, U.S. Customs and Border
Protection will be submitting the
following information collection request
to the Office of Management and Budget
(OMB) for review and approval in
accordance with the Paperwork
Reduction Act of 1995 (PRA). The
information collection is published in
the Federal Register to obtain comments
from the public and affected agencies.
Comments are encouraged and will be
accepted (no later than September 17,
2018) to be assured of consideration.
SUMMARY:
Written comments and/or
suggestions regarding the item(s)
contained in this notice must include
the OMB Control Number 1651–0096 in
the subject line and the agency name.
To avoid duplicate submissions, please
use only one of the following methods
to submit comments:
(1) Email. Submit comments to: CBP_
PRA@cbp.dhs.gov.
ADDRESSES:
PO 00000
Frm 00042
Fmt 4703
Sfmt 4703
Corporate
overpayments
(eff. 1–1–99)
(percent)
Overpayments
(percent)
10
11
12
11
10
9
8
7
8
9
10
9
8
9
8
7
8
9
8
7
6
5
4
5
4
5
6
7
8
7
6
5
6
5
4
3
4
3
4
5
9
10
11
10
9
8
7
6
7
8
9
8
7
8
7
7
8
9
8
7
6
5
4
5
4
5
6
7
8
7
6
5
6
5
4
3
4
3
4
5
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6
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6
5
4
3
4
3
4
5
6
7
6
5
4
5
4
3
2
3
2
3
4
(2) Mail. Submit written comments to
CBP Paperwork Reduction Act Officer,
U.S. Customs and Border Protection,
Office of Trade, Regulations and
Rulings, Economic Impact Analysis
Branch, 90 K Street NE, 10th Floor,
Washington, DC 20229–1177.
FOR FURTHER INFORMATION CONTACT:
Requests for additional PRA information
should be directed to Seth Renkema,
Chief, Economic Impact Analysis
Branch, U.S. Customs and Border
Protection, Office of Trade, Regulations
and Rulings, 90 K Street NE, 10th Floor,
Washington, DC 20229–1177,
Telephone number (202) 325–0056 or
via email CBP_PRA@cbp.dhs.gov. Please
note that the contact information
provided here is solely for questions
regarding this notice. Individuals
seeking information about other CBP
programs should contact the CBP
National Customer Service Center at
877–227–5511, (TTY) 1–800–877–8339,
E:\FR\FM\17JYN1.SGM
17JYN1
]]>Agencies
[Federal Register Volume 83, Number 137 (Tuesday, July 17, 2018)]
[Notices]
[Pages 33232-33233]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-15179]
=======================================================================
-----------------------------------------------------------------------
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 July 1, 2018, the interest rates for overpayments
will be 4 percent for corporations and 5 percent for non-corporations,
and the interest rate for underpayments will be 5 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 July 1,
2018.
FOR FURTHER INFORMATION CONTACT: Shawn Kaus, Revenue Division,
Collection Refunds & Analysis Branch, 6650 Telecom Drive, Suite #100,
Indianapolis, Indiana 46278; telephone (317) 614-4485.
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 2018-18, the IRS determined the rates of interest
for the calendar quarter beginning July 1, 2018, and ending on
September 30, 2018. The interest rate paid to the Treasury for
underpayments will be the Federal short-term rate (2%) plus three
percentage points (3%) for a total of five percent (5%) for both
corporations and non-corporations. For corporate overpayments, the rate
is the Federal short-term rate (2%) plus two percentage points (2%) for
a total of four percent (4%). For overpayments made by non-
corporations, the rate is the Federal short-term rate (2%) plus three
percentage points (3%) for a total of five percent (5%). 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 October 1, 2018, and ending December 31,
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 33233]]
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
040118............................. 093018............... 5 5 4
----------------------------------------------------------------------------------------------------------------
Dated: July 11, 2018.
Samuel D. Grable,
Assistant Commissioner and Chief Financial Officer, Office of Finance.
[FR Doc. 2018-15179 Filed 7-16-18; 8:45 am]
BILLING CODE 9111-14-P
