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[F158(1)This paragraph applies where—U.K.
(a)the operator of a landfill site and the controller of the whole or a part of that site are by virtue of paragraph 57 above jointly and severally liable for an amount, and
(b)that amount carries interest by virtue of any provision of this Schedule.
(2)The controller and the operator shall be jointly and severally liable to pay the interest.
(3)But the amount which may be recovered from the controller in consequence of such liability shall not exceed the amount calculated in accordance with the following formula—
where—
I is the total amount of interest in question;
A is the amount of interest carried for the period which—
(a) begins with the first day of the period for which interest is carried, and
(b) ends with the day on which the controller becomes liable to pay the secondary liability;
B is the amount of interest carried for any day falling after that on which the secondary liability is met in full;
S is the amount of the secondary liability;
P is the amount of the principal liability.
In this paragraph secondary liability and principal liability have the same meaning as in paragraph 57 above.
(4)The controller is liable for an amount of interest only if—
(a)a notice stating the amount is served on him, or
(b)other reasonable steps are taken with a view to bringing the amount of the liability to his attention,
before the end of the period of two years beginning with the day immediately following the final day.
(5)The final day is the last day of the period for which the interest in question is carried.
(6)If the controller is required to pay an amount in accordance with this paragraph, it shall be paid before the end of the period of thirty days beginning with the day immediately following the notification day.
(7)The notification day is—
(a)in a case where notice is served on a controller as mentioned in sub-paragraph (4)(a) above, the day on which the notice is served, or
(b)in a case where other reasonable steps are taken as mentioned in sub-paragraph (4)(b) above, the day on which the last of those steps is taken.
(8)Where by virtue of sub-paragraph (2) above a controller is liable to pay interest which arises under paragraph 27 above, paragraph 28 above shall apply in relation to that interest as it applies to interest which a person is liable under paragraph 27 above to pay.]
Textual Amendments
F1Sch. 5 Pt. VIII paras. 48-61 added (28.7.2000 with effect in relation to taxable disposals made on or after 28.7.2000) by 2000 c. 17, s. 142(3)(4), Sch. 37
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