Part 2

AGGREGATES LEVY

Supplemental

Minor and consequential amendments
49
1
In section 1(1) of the Provisional Collection of Taxes Act 1968 (c. 2) (taxes in relation to which resolutions may have temporary statutory effect), after “landfill tax,” there shall be inserted “ aggregates levy, ”.
2
In section 197(2) of the Finance Act 1996 (c. 8) (enactments for which interest rates are set under section 197), after paragraph (g) there shall be inserted—
h
the following provisions of the Finance Act 2001 (interest payable to or by the Commissioners in connection with aggregates levy), that is to say—
i
sections 25(2)(f) and 30(3)(f);
ii
paragraph 8(3)(a) of Schedule 5; and
iii
paragraphs 2 and 6(1)(b) of Schedule 8.
.
3
In section 827 of the Taxes Act 1988 (no deduction for penalties etc.), the following subsection shall be inserted after subsection (1D)—
1E
Where a person is liable to make a payment by way of—
a
any penalty under any provision of Part 2 of the Finance Act 2001 (aggregates levy),
b
interest under any of paragraphs 5 to 9 of Schedule 5 to that Act (interest on aggregates levy due and on interest),
c
interest under paragraph 6 of Schedule 8 to that Act (interest on recoverable overpayments etc.), or
d
interest under paragraph 5 of Schedule 10 to that Act (interest on penalties),
the payment shall not be allowed as a deduction in computing any income, profits or losses for any tax purposes.
.