A penalty under any of the provisions of Part II, IV or VA or this Part of this Act (other than section 98C), or Schedule 18 to the Finance Act 1998, shall carry interest at the rate applicable under section 178 of the Finance Act 1989 from the date on which it becomes due and payable until payment.
Section 103A: Interest on penalties.
Taxes Management Act 1970 · 1970 c. 9View on legislation.gov.uk
Part X: PENALTIES, ETC.
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