SCHEDULES
SCHEDULE 35Promoters of tax avoidance schemes: penalties
11Interest on penalties
1
A penalty under this Schedule is to carry interest at the rate applicable under section 178 of FA 1989 from the date it is determined until payment.
2
In section 178 of FA 1989 (setting of rates of interest), in subsection (2) at the end of paragraph (t) insert
, and
u
paragraph 11 of Schedule 35 to the Finance Act 2014.