Regulation 26 Rates of penalty chargesI1
Scotland
A scheme which provides for penalty charges must specify the amount of the penalty charge and may specify different amounts in different circumstances.
A scheme may provide for the amount of the penalty charge to be reduced by a specified percentage if it is paid before the expiry of a specified period.
A scheme may provide for the amount of the penalty charge to be increased by a specified percentage if—
it is not paid before the expiry of the relevant period,
representations in respect of the penalty charge are not made in accordance with regulation 30.
Where a scheme makes provision as described in paragraph (3), it may specify different percentages for different purposes.
In this regulation “relevant period” has the same meaning as in regulation 29(3).