Income Tax (Trading and Other Income) Act 2005

[F1753AInterest on unpaid relevant contributionsU.K.
This section has no associated Explanatory Notes

(1)No liability to income tax arises in respect of interest paid in compliance with a requirement in a compliance notice or an unpaid contributions notice to pay interest in respect of unpaid relevant contributions.

(2)In this section—

  • “compliance notice” means a notice under section 35 of the Pensions Act;

  • “the Pensions Act” means the Pensions Act 2008 or the Pensions (No.2) Act (Northern Ireland) 2008;

  • “unpaid contributions notice” means a notice under section 37 of the Pensions Act;

  • “unpaid relevant contributions” has the same meaning as in section 38(2)(a) of the Pensions Act.]

Textual Amendments