# Tax Collection and Management (Wales) Act 2016, Section 157A: Late payment interest on penalties

Extent: E+W

(1) This section applies to an amount of penalty relating to WRA-collected 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.

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Source: https://www.legislation.gov.uk/anaw/2016/6/section/157A (the official version)
Page: https://openlegislation.uk/tax-collection-and-management-wales-act-2016/section-157A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.