126 Interest on unpaid customs debts
Finance Act 1999 (1999 c 16) | Legislation

Customs duties

126  Interest on unpaid customs debts

(1)     This section applies for the determination and recovery of the amount of any interest charged in accordance with Article 232 of the Community Customs Code (interest on duty not paid within the prescribed period) on arrears of customs duty payable to the Commissioners.

(2)     Subject to subsection (3) below, the interest shall be charged on the amount in arrears at the rate applicable under section 197 of the Finance Act 1996 (power to fix rates of interest applicable in the case of indirect taxes) for the period which—

(a)     begins with the latest time for payment of that amount; and

(b)     ends with the day before

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