Finance Act 2014 (c. 26)

SCHEDULES

SCHEDULE 35 U.K. Promoters of tax avoidance schemes: penalties

Interest on penalties U.K.

11 (1) A penalty under this Schedule is to carry interest at the rate applicable under section 178 of FA 1989 from the date it is determined until payment. U.K.

(2) In section 178 of FA 1989 (setting of rates of interest), in subsection (2) at the end of paragraph (t) insert “, and

(u) paragraph 11 of Schedule 35 to the Finance Act 2014.”