PART 6INTEREST
CHAPTER 1INTEREST ON AMOUNTS PAYABLE TO WRA
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Amendments (Textual)
I1158F3Late payment interest: supplementary
1
This section applies for the purposes of sections 157 F2, 157A and 157B.
2
Late payment interest is not payable on late payment interest.
3
A late payment interest start date may be a non-business day within the meaning of section 92 of the Bills of Exchange Act 1882 (c. 61).
4
The date of payment, in relation to an amount, includes the date on which the amount is set off against an amount payable by WRA.
5
“"Late payment interest rate”” has the meaning given by section 163(1).
S. 157 cross-heading omitted (25.1.2018) by virtue of Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (anaw 1), s. 81(2)(3), Sch. 23 para. 57; S.I. 2018/34, art. 2(b)(ii)