SCHEDULE 1Infrastructure-levy regulations

Financial penalty for late payment

9(1)Infrastructure-levy regulations may allow, or require, local authorities to charge a financial penalty if the payable amount is not paid within a period specified in the regulations.

(2)The regulations may, in particular, provide for the charging of—

(a)a penalty of a specified amount (or amounts),

(b)a penalty that is calculated periodically as a proportion of the payable amount, or

(c)both kinds of penalty.