Prospective
[F1Administration levy: interest for late paymentN.I.
103A—(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.]
F1Art. 103A inserted (prosp.) by Pensions (No. 2) Act (Northern Ireland) 2008 (c. 13), ss. 104, 118(1), Sch. 9 para. 3