(1) In this section -

'chargeable period' has the same meaning as in section 321(2);

'chargeable person' has the same meaning as it has for the purposes of Part 41A;

'period of delay', in relation to any tax due and payable, means the period during which that tax remains unpaid;

'Table' means the Table to subsection (2);

'tax' means income tax, corporation tax or capital gains tax, as appropriate;

'relevant period', in relation to a period of delay which falls into more than one of the periods specified in column (1) of the Table, means any Part of the period of delay which falls into, or is the same as, a period specified in that column.

(2)

(a) Subject to this section and section 1081 -

(i) as respects tax due and payable for a chargeable period beginning before 1 January 2005, any tax charged by any assessment to tax shall carry interest from the date when the tax becomes due and payable until payment, and