Search Legislation

Childcare Payments Act 2014

What Version

 Help about what version

Opening Options

 Help about opening options

Status:

This is the original version (as it was originally enacted).

51Power to charge interest

This section has no associated Explanatory Notes

(1)Where—

(a)an amount has been assessed under section 41 or 47 as payable to HMRC by a person under this Act, and

(b)some or all of the amount has not been paid to HMRC by the time specified in section 41(5) or 47(4) (as the case may be),

HMRC may give the person a notice in writing requiring the person to pay interest on the amount that has not been paid (“the relevant debt”).

(2)If a notice is given to a person under this section, the relevant debt carries interest for a period which—

(a)begins with the late payment interest start date (which may be earlier than the day on which the notice is given), and

(b)ends with the specified day or, if earlier, the day on which the relevant debt is paid.

(3)“The late payment interest start date” means—

(a)in the case of an amount assessed under section 41, the day on which the person became liable to pay it;

(b)in the case of a penalty, the day after the last day of the period within which the penalty is required to be paid in accordance with section 47(4).

(4)“The specified day”, in relation to a notice given to a person under this section, means—

(a)the day specified in the notice, or

(b)where on that day the relevant debt has not been paid, the day specified in a further notice given to the person by HMRC.

(5)The specified day must fall within the period of 6 months beginning with the day on which the notice is given.

(6)Interest under this section is payable at the late payment interest rate.

(7)The “late payment interest rate” is—

(a)the rate provided for in regulations made by the Treasury under section 103(1) of the Finance Act 2009, or

(b)if there is more than one such rate, the lowest such rate.

(8)Where two or more persons—

(a)have been notified of an assessment under section 41 in respect of the same amount, and

(b)have been given a notice under this section,

each of those persons is jointly and severally liable to pay interest on the relevant debt.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made):The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

See additional information alongside the content

Show Explanatory Notes for Sections: Displays relevant parts of the explanatory notes interweaved within the legislation content.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

Impact Assessments

Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:

  • Why the government is proposing to intervene;
  • The main options the government is considering, and which one is preferred;
  • How and to what extent new policies may impact on them; and,
  • The estimated costs and benefits of proposed measures.
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources