Paragraph 85
Subject to sub-paragraph (2), where the Commissioners make an assessment under paragraph 88 of an amount of interest payable at the rate given by paragraph 81(3), that amount shall carry penalty interest for the period which—
begins with the day on which the assessment is notified to the person on whom the assessment is made; and
ends with the day before the day on which the assessed interest is paid.
Where—
the Commissioners make an assessment under paragraph 88 of an amount of interest due from any person,
they also specify a date for the purposes of this sub-paragraph, and
the amount of interest assessed is paid on or before that date,
the amount paid before that date shall not carry penalty interest under this paragraph.
Notes on Schedule 6
Modifications
- C1
Sch. 6 modified (coming into force in accordance with art. 1 of the amending S.I.) by The Climate Change Levy (Suspension of Recycling Exemption) Order 2011 (S.I. 2011/1023), arts. 1, 2, 3
- C2
Sch. 6 modified (retrospective to 26.3.2013) by Finance Act 2013 (c. 29), Sch. 42 para. 1(1)