PART 9Interest on payments due to or by Revenue Scotland
220Rates of interest
(1)
The rate of interest that applies for the purposes of sections 217, 218 and 219 is the rate specified by the Scottish Ministers in regulations.
(2)
Regulations under subsection (1) may—
(a)
provide for different rates for different devolved taxes or different penalties,
(b)
provide for circumstances in which alteration of a rate of interest is or is not to take place,
(c)
provide that alterations of rates are to have effect for periods beginning on or after a day determined in accordance with the regulations in relation to interest running from before that day as well as from or from after that day.