Section 68 Rate of interestI1I2
Scotland
(1)
(2)
Regulations under subsection (1) may—
(a)
provide for different rates for different penalties,
(b)
provide for circumstances in which alteration of a rate of interest is or is not to take place,
(c)
provide that alterations of rates are to have effect for periods beginning on or after a day determined in accordance with the regulations in relation to interest running from before that day, as well as from, or from after, that day.
(3)
Regulations under subsection (1) are subject to the negative procedure.
Annotations
Commencement
- I1
S. 68 not in force at Royal Assent, see s. 79(2)
- I2
S. 68 in force at 20.9.2024 by S.S.I. 2024/231, reg. 2