58Interest and penalties chargeable concurrently with Inland Revenue
After paragraph 7B of Schedule 1 to the Contributions and Benefits Act there shall be inserted the following paragraph—
“Interest and penalties chargeable concurrently with Inland Revenue
7C(1)Any interest or penalty chargeable by the Inland Revenue by virtue of regulations under paragraph 6 or 7 above may also be charged by the Secretary of State.
(2)To the extent that any interest or penalty is recovered by the Secretary of State by virtue of sub-paragraph (1) above, or by virtue of regulations under paragraph 7B above, it shall not be recoverable by the Inland Revenue by virtue of regulations under paragraph 6 or 7 above; and vice versa.
(3)To the extent that any penalty is recovered by the Secretary of State by virtue of regulations under paragraph 7A above, it shall not be recoverable by the Inland Revenue by virtue of regulations under paragraph 7 above; and vice versa.”