Finance Act 1994 (c. 9)

SCHEDULES

SCHEDULE 19 U.K. Management: other amendments

Part I U.K. Amendments of Management Act

Penalties U.K.

33 U.K. After section 103 of the Management Act there shall be inserted the following section—

“103A Interest on penalties.

A penalty under any of the provisions of Part II or VA or this Part of this Act shall carry interest at the rate applicable under section 178 of the Finance Act 1989 from the date on which it becomes due and payable until payment.”