SCHEDULES
SCHEDULE 9INTEREST ON LATE PAYMENT OF LEVIES
The Pensions (Northern Ireland) Order 2005 (NI 1)
3
After Article 103 (PPF administration levy) insert—
Administration levy: interest for late payment103A
1
Regulations may make provision for interest to be charged at the prescribed rate in the case of late payment of an administration levy.
2
Interest is payable by or on behalf of the person or persons by or on behalf of whom the levy is payable.
3
Interest payable by a person by virtue of this Article is a debt due from the person to the Department.
4
Interest is recoverable by the Department or, if the Department so determines, by the Regulator on the Department's behalf.
5
Without prejudice to the generality of paragraph (1), regulations under this Article may include provision relating to—
a
the collection and recovery of interest;
b
the circumstances in which interest may be waived.