PART 6INTEREST
CHAPTER 1INTEREST ON AMOUNTS PAYABLE TO WRA
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Amendments (Textual)
C1157AF1Late payment interest on penalties
1
This section applies to an amount of penalty F3relating to devolved tax.
2
If the amount is not paid on or before the date by which it is required to be paid, the amount carries interest (referred to in this Part as “"late payment interest””) at the late payment interest rate for the period—
a
beginning with the following day, and
b
ending with the date of payment.
3
But where section 160 applies, the late payment interest start date is the date specified in that section.
S. 157 cross-heading omitted (25.1.2018) by virtue of Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 57; S.I. 2018/34, art. 2(b)(ii)