Regulation 3 Amendments to the Principal Regulations

In Regulation 26B of the Principal Regulations^f1—

(a)

after paragraph (3) there shall be inserted—

“(3A)

If tax recoverable from an employee under paragraph (3) of this Regulation does not carry interest under section 88 of the Taxes Management Act 1970^f2, it shall carry interest in accordance with Regulation 26C from the reckonable date (as defined in that Regulation) until whichever is the earlier of—

(a)

the date on which payment is made, or

(b)

the date (if any) immediately before the date on which it begins to carry interest under section 86 of the Taxes Management Act 1970^f3.”;

(b)

after paragraph (6) there shall be added—

“(7)

A certificate of the Collector that any amount of interest payable under paragraph (3A) has not been paid to him, or, to the best of his knowledge and belief, to any other Collector or to any person acting on his behalf or on behalf of another Collector, shall be sufficient evidence that the sum mentioned in the certificate is unpaid and due to the Crown.

(8)

Any document purporting to be a certificate within paragraph (7) shall be deemed to be such a certificate until the contrary is proved.”.

Annotations

Footnotes

f1: Regulations 26A and 26B were inserted by S.I. 1991/1080.
f2: 1970 c. 9; section 88 was amended by paragraph 87 of Schedule 6 to the Finance Act 1971 (c. 68), section 46(4) of the Finance (No. 2) Act 1975 (c. 45), section 61(4) of the Finance Act 1980 (c. 48), paragraph 32 of Schedule 29 and Schedule 31 to the Income and Corporation Taxes Act 1988, and sections 159, 160(1), 161 and 179(1) of the Finance Act 1989 (c. 26), and (prospectively) by section 86(4) of the Finance (No. 2) Act 1987 (c. 51).
f3: Section 86 was substituted by section 46(1) of the Finance (No. 2) Act 1975; the section as substituted was amended by sections 61(3) and 62(1) and (2) of the Finance Act 1980, Part V of Schedule 16 to the Finance Act 1987 (c. 16), paragraph 32 of Schedule 29 to the Income and Corporation Taxes Act 1988, sections 156(1) and 179(1) of the Finance Act 1989, section 73(4) and (5) of, and paragraph 1 of Schedule 15 to, the Finance Act 1991 (c. 31), sub-paragraphs (1) and (8) of paragraph 2 of Schedule 10 to the Taxation of Chargeable Gains Act 1992 (c. 12) and paragraph 3 of Schedule 11 to, and Part VII(8) of Schedule 18 to, the Finance (No. 2) Act 1992 (c. 48), and (prospectively) by section 86(2) of the Finance (No. 2) Act 1987 and section 158(1) of, and Part VIII of Schedule 17 to, the Finance Act 1989.