C1C2C3C4C6 Part 3 Confiscation: Scotland

Annotations:
Modifications etc. (not altering text)
C2

Pt. 3 applied by Terrorism Act 2000 (c. 11), Sch. 8 paras. 17(4A), 34(3A) (as substituted (24.3.2003) by Proceeds of Crime Act 2002 (c. 29), s. 458(1), Sch. 11 para. 39(4)(5); S.S.I. 2003/210, art. 2(1)(b)(2), sch. (with art. 7); S.I. 2003/333, art. 2, Sch.

C6

Pt. 3 applied (12.2.2019 for specified purposes, 13.8.2020 in so far as not already in force) by Counter-Terrorism and Border Security Act 2019 (c. 3), s. 27(1)(g), Sch. 3 para. 39(6) (with s. 25(9)); S.I. 2020/792, reg. 2(g)

Payment and enforcement

I1C2C3C4C5117C2C3C4 Interest on unpaid sums

1

If the amount required to be paid by a person under a confiscation order is not paid when it is required to be paid (whether when the order is made or within a period specified under section 116), he must pay interest on the amount for the period for which it remains unpaid.

2

The rate of interest is the rate payable under a decree of the Court of Session.

3

For the purposes of this section no amount is required to be paid under a confiscation order if—

a

an application has been made under section 116(4),

b

the application has not been determined by the court, and

c

the period of 12 months starting with the day on which the confiscation order was made has not ended.

4

In applying this Part the amount of the interest must be treated as part of the amount to be paid under the confiscation order.