# The Finance Act 2009, Sections 101 and 102 (Value Added Tax) (Late Payment Interest and Repayment Interest) (Exceptions and Consequential Amendments) Order 2022, Article 4: Income Tax (Trading and Other Income) Act 2005

Extent: E+W+S+N.I.

(1) The Income Tax (Trading and Other Income) Act 2005 is amended as follows.
(2) In section 54 (penalties and interest), in the table in subsection (2), in the entry for interest under section 74 or 85A of VATA 1994, for the first column substitute “Interest under section 101 of FA 2009 in respect of an amount of value added tax”.
(3) Omit section 777 (VAT repayment supplements).
(4) In section 869 (penalties and interest: non-trades etc), in the table in subsection (4), in the entry for interest under section 74 or 85A of VATA 1994, for the first column substitute “Interest under section 101 of FA 2009 in respect of an amount of value added tax”.

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Source: https://www.legislation.gov.uk/uksi/2022/1298/article/4 (the official version)
Page: https://openlegislation.uk/finance-act-2009-sections-101-and-102-value-added-tax-late-payment-interest-and-repayment-interest-exceptions-and-consequential-amendments-order-2022/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.