PART 9Interest on payments due to or by Revenue Scotland
220Rates of interest
1
The rate of interest that applies for the purposes of sections 217, 218 and 219 is the rate specified by the Scottish Ministers in regulations.
2
Regulations under subsection (1) may—
a
provide for different rates for different devolved taxes or 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.