Visitor Levy (Scotland) Act 2024

Interest

66 Interest on unpaid levy

(1) Interest is payable on the amount of any unpaid levy from the day after the date on which the levy must be paid in accordance with section 29(2).

(2) If an amount is paid to the relevant local authority in respect of the unpaid levy, the amount on which interest is payable is reduced by that amount.

(3) Interest under this section is calculated at the rate specified in provision made under section 68.

67 Interest on penalties

(1) Interest is payable on the amount of any unpaid penalty from the date on which the penalty is due to be paid until it is paid.

(2) Interest under this section is calculated at the rate specified in provision made under section 68.

68 Rate of interest

(1) The rate of interest that applies for the purposes of sections 66 and 67 is the rate specified by the Scottish Ministers in regulations.

(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.