Part 3Administration

25Interest: corporation tax and petroleum revenue tax

1

Schedule 9 contains amendments of FA 2009 relating to late payment interest and repayment interest on amounts of corporation tax and petroleum revenue tax.

2

That Schedule comes into force on such day as the Treasury may by order appoint.

3

An order under subsection (2)—

a

may commence a provision generally or only for specified purposes, and

b

may appoint different days for different provisions or for different purposes.

4

The Treasury may by order make any incidental, supplemental, consequential, transitional, transitory or saving provision which appears appropriate in consequence of, or otherwise in connection with, that Schedule.

5

An order under subsection (4) may—

a

make different provision for different purposes, and

b

make provision amending, repealing or revoking any Act or subordinate legislation whenever passed or made (including this Act and any Act amended by it).

6

An order under this section is to be made by statutory instrument.

7

A statutory instrument containing an order under subsection (4) which includes provision amending or repealing any provision of an Act is subject to annulment in pursuance of a resolution of the House of Commons.