PART 3BENEFITS FOR PRACTITIONERS, ETC.
CHAPTER 3.JMISCELLANEOUS AND SUPPLEMENTARY PROVISIONS
Interest on delayed payments
F1Interest and administration charges: late paid contributions3.J.10A
1
For the purposes of this regulation, where an employing authority fails to pay, by the dates therein specified, contributions it is required to pay under any or all of regulations 3.C.1, 3.C.3, 3.C.5, 3.C.6, 3.C.8, or 3.C.9, there is a chargeable event.
2
Where there is a chargeable event, the Scottish Ministers may determine what amount of contributions are unpaid having regard to—
a
the amount of contributions historically paid at a chargeable event by that employing authority;
b
any reasons or explanation provided by the employing authority for the change in the amount of contributions if any it has paid at such an event;
c
any other factors that the Scottish Ministers consider relevant.
3
Where there is a chargeable event, the employing authority is liable to pay standard rate interest on the amount of unpaid contributions constituting that event and an administration charge in respect of each such event.
4
Where the Scottish Ministers become aware of a chargeable event, they must give the employing authority a written notice specifying—
a
the date of each chargeable event;
b
the amount of unpaid contributions determined under paragraph (2) constituting each such chargeable event;
c
the amount of interest at the standard rate payable in respect of each of those events;
d
the amount of administration charge payable in respect that event;
e
that payment of the amounts referred to in sub-paragraphs (c) and (d) is to be made within 1 month of the date of the notice and that failure to do so incurs further interest and administration charges.
5
Any amount payable by way of interest or payable by way of an administration charge is to be paid as a single lump sum unless the Scottish Ministers consider the case to be exceptional and consider it appropriate for all, or part, of such an amount to be paid over a period, and by a number of instalments, determined by the Scottish Ministers.
6
Where the Scottish Ministers consider the case to be exceptional, nothing in the preceding paragraphs prevents them from waiving all or any part of the amount of interest, or all or any administration charges, payable.
7
The standard rate of interest is the Superannuation Contributions Adjusted for Past Experience discount rate set by the Treasury.
8
The administration charge in respect of arrears relating to the scheme year 2014-2015 and subsequent years is £75.
9
In any particular case the Scottish Ministers may direct that, for the purposes of this regulation, “employing authority” includes a successor, transmittee or assignee of all or part of an employing authority’s business or functions.