The Finance Act 2009, Sections 101 and 102 (Interest on Late Payments and Repayments), Appointed Days and Consequential Provisions Order 2014

Consequential provisions

10.—(1) Schedule 4 to the Contributions Regulations (provisions derived from the income tax acts and the income tax (Pay As You Earn) Regulations 2003)(1) is amended as follows.

(2) In paragraph 17 (interest on overdue earnings-related contributions or Class 1B contributions)(2)—

(a) in sub-paragraph (1) omit paragraph (a); and

(b) in sub-paragraph (3) omit paragraph (b)(i).

(3) In paragraph 17A(1) (application of paragraphs 16 and 17 in cases of wilful failure to pay)(3) after “paragraphs 16 and 17” insert “, and section 101 of the Finance Act 2009, in respect of an earnings-related contribution,”.

(4) In paragraph 18 (payment of interest on repaid earnings-related contributions or Class 1B contributions)—

(a) in sub-paragraph (3) omit “an earnings-related contribution or”; and

(b) in sub-paragraph (4)—

(i) omit paragraph (a)(i) and the “or” at the end of it; and

(ii) in paragraph (b) omit “earnings-related contribution or”.

(5) In paragraph 20(1) (remission of interest for official error) after “with paragraph 17” insert “, or section 101 of the Finance Act 2009 in relation to any earnings-related contribution,”.

(1)

S.I. 2001/2004; relevant amending instruments are S.I. 2004/770, 2007/1056 and 2008/636.

(2)

Paragraph 17 of Schedule 4 has been amended by regulation 32 of S.I. 2004/770, regulation 8 of S.I. 2007/1056 and regulation 6 of S.I. 2008/636.

(3)

Paragraph 17A was inserted by regulation 32 of S.I. 2004/770.