Revenue Scotland and Tax Powers Act 2014 section 217

Interest on unpaid tax

Section 217 establishes that interest is charged on tax that remains unpaid after its due date, and sets out how that interest is calculated.

• Interest accrues on any unpaid tax from the date payment was due until the date it is actually paid.
• The due date for payment (called the "relevant date") is set by the Scottish Ministers through regulations.
• If a taxpayer has lodged an amount with Revenue Scotland towards the tax due on a transaction, interest is only charged on the remaining balance.
• The rate at which interest is calculated is determined under separate provisions (section 220 of the Act).