189AFraud compensation levy: interest for late payment

1

Regulations may make provision for interest to be charged at the prescribed rate in the case of late payment of a fraud compensation levy.

2

Interest is payable by or on behalf of the person or persons by or on behalf of whom the levy is payable.

3

Interest payable by a person by virtue of this section is a debt due from the person to the Board.

4

Interest is recoverable by the Board or, if the Board so determines, by the Regulator on its behalf.

5

Without prejudice to the generality of subsection (1), regulations under this section may include provision relating to—

a

the collection and recovery of interest;

b

the circumstances in which interest may be waived.