PART 6

INTEREST
CHAPTER 1

INTEREST ON AMOUNTS PAYABLE TO WRA
...

Late payment interest: supplementary
158
1
This section applies for the purposes of sections 157
, 157A and 157B
.
2
Late payment interest is not payable on late payment interest.
3
A late payment interest start date may be a non-business day within the meaning of section 92 of the Bills of Exchange Act 1882 (c. 61).
4
The date of payment, in relation to an amount, includes the date on which the amount is set off against an amount payable by WRA.
5
“
"Late payment interest rate”
” has the meaning given by section 163(1).
Ss. 157, 157A, 158 substituted (25.1.2018) for ss. 157, 158 by Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 58; S.I. 2018/34, art. 2(b)(ii)
S. 157 cross-heading omitted (25.1.2018) by virtue of Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 57; S.I. 2018/34, art. 2(b)(ii)
S. 158 in force at 1.4.2018 by S.I. 2018/33, art. 3
Words in s. 158(1) substituted (1.4.2018) by The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101), reg. 1(2), Sch. para. 38