Article 2 Appointed Day
1st January 2027 is appointed as the day on which sections 101 (late payment interest on sums due to His Majesty’s Revenue and Customs) and 102 (repayment interest on sums to be paid by His Majesty’s Revenue and Customs) of the Finance Act 2009 come into force for the purposes of the carbon border adjustment mechanismf1, including any penalties assessed in relation to that tax.
Annotations
Footnotes
- f1
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See Part 5 of the Finance Act 2026 (c. 11), which introduces the carbon border adjustment mechanism as a tax.