Tax Collection and Management (Wales) Act 2016 section 123

Suspension of penalty for failure to pay tax during currency of agreement for deferred payment

Section 123 dealt with the suspension of late payment penalties while a taxpayer had an active agreement with the Welsh Revenue Authority (WRA) to defer payment of tax, but this section has been repealed.

• Section 123 originally provided that penalties for late payment of tax would be suspended while a deferred payment agreement with WRA was in force.
• The section was repealed by the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017, which restructured certain penalty and payment provisions for Welsh devolved taxes.
• The repeal took effect under the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Act 2017 (Commencement No. 2) Order 2018.
• The substance of this provision — protecting taxpayers from penalties while honouring agreed payment plans — may now be addressed elsewhere in the devolved tax framework for Wales.