# Taxes Management Act 1970, Section 103A: Interest on penalties.

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

A penalty under any of the provisions of Part II, IV or VA or this Part of this Act ... , or Schedule 18 to the Finance Act 1998, shall carry interest at the rate applicable under section 178 of the Finance Act 1989 from the date on which it becomes due and payable until payment.

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Source: https://www.legislation.gov.uk/ukpga/1970/9/section/103A (the official version)
Page: https://openlegislation.uk/taxes-management-act-1970/section-103A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.