Finance Act 1999

130 Consequential amendments relating to interest

(1) In section 14(1) of the [1994 c. 9.] Finance Act 1994 (reviewable and appealable decisions), for the “and” at the end of paragraph (c) there shall be substituted—

“(ca) any decision as to whether or not—

(i) an amount due in respect of customs duty or agricultural levy, or

(ii) any repayment by the Commissioners of an amount paid by way of customs duty or agricultural levy,

is to carry interest, or as to the rate at which, or period for which, any such amount is to carry interest;”.

(2) For sub-paragraph (k) of paragraph 1 of Schedule 5 to that Act (under which decisions as to interest under the Community Customs Code are reviewable and appealable) there shall be substituted the following sub-paragraph—

“(k) any decision as to whether or not collection of interest on arrears of customs duty or agricultural levy is to be waived;”.

(3) In section 197(2) of the [1996 c. 8.] Finance Act 1996 (setting of rates of interest for indirect taxes), after paragraph (e) there shall be inserted the following paragraph—

“(f) sections 126 and 127 of the Finance Act 1999 (interest on overdue customs duty and on repayments of amounts paid by way of customs duty).”

(4) Subsections (1) and (2) above have effect in relation to decisions made on or after the day on which this Act is passed.