Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 section 59

Removal of late payment interest start date rules for amended assessments

Section 59 of Schedule 23 removes the provision in the Tax Collection and Management (Wales) Act 2016 that dealt with when late payment interest begins to run where an assessment has been amended.

• This paragraph repeals section 159 of the Tax Collection and Management (Wales) Act 2016 in its entirety.
• Section 159 previously set out the start date for late payment interest when assessments were amended or corrected.
• The cross-heading that appeared immediately before section 159 in the 2016 Act is also removed.
• This is a tidying-up measure as part of the broader reforms introduced by Schedule 23 to the way interest on late payments is calculated and applied by the Welsh Revenue Authority.