The Revenue Scotland and Tax Powers Act (Interest on Unpaid Tax and Interest Rates in General) Regulations 2015
| Jurisdiction | Scotland |
| Citation | SSI 2015/128 |
| Year | 2015 |
2015No. 128
TAXES
The Revenue Scotland and Tax Powers Act (Interest on Unpaid Tax and Interest Rates in General) Regulations 2015
17thMarch2015
1stApril2015
The Scottish Ministers make the following Regulations in exercise of the powers conferred by sections 217(2) and 220(1) of the Revenue Scotland and Tax Powers Act 2014( 1) and all other powers enabling them to do so.
In accordance with section 254(3)(m) of that Act, a draft of this instrument has been laid before and approved by resolution of the Scottish Parliament.
PART 1
GENERAL
Citation and commencement
1. These Regulations may be cited as the Revenue Scotland and Tax Powers Act (Interest on Unpaid Tax and Interest Rates in General) Regulations 2015 and come into force on 1st April 2015.
Interpretation
2. In these Regulations, "the Act" means the Revenue Scotland and Tax Powers Act 2014.
PART 2
Interest on unpaid tax
Interpretation of Part 2
3. In this Part-
"disqualifying event" means-
(a) in relation to the withdrawal of relief under schedule 4 (relief for certain acquisitions of residential property) to the LBTT(S) Act 2013, an event listed in section 33(4)(a) of that Act;(b) in relation to the withdrawal of relief under schedule 5( 2) (relief for transfer of multiple dwellings) to the LBTT(S) Act 2013, an event listed in section 33(4)(b) of that Act;(c) in relation to the withdrawal of relief under schedule 8 (relief for alternative finance investment bonds) to the LBTT(S) Act 2013, an event listed in section 33(4)(c) of that Act;(d) in relation to the withdrawal of group relief, the buyer ceasing to be a member of the same group as the seller in terms of paragraph 14 of schedule 10 to the LBTT(S) Act 2013;(e) in relation to the withdrawal of relief under schedule 10A( 3) (sub-sale development relief) to the LBTT(S) Act 2013, an event listed in section 33(4)(da) of that Act;(f) in relation to the withdrawal of reconstruction or acquisition relief, the change of control of the acquiring company in terms of paragraph 13 of schedule 11 to the LBTT(S) Act 2013; or(g) in relation to the withdrawal of charities relief, a disqualifying event as defined in paragraphs 5 and 6 of schedule 13 to the LBTT(S) Act 2013; and"filing date" means the filing date as defined in section 82 of the Act.
Relevant date
4.-(1) The "relevant date" for the purposes of section 217(1) of the Act in respect of the tax or taxes listed in Column 1 of the table below is the date specified in Column 2 corresponding with the taxes listed in Column 1.
Tax to which unpaid tax relates |
"Relevant date' |
||
1 |
All devolved taxes |
(a) in relation to an amount, or additional amount, payable following an adjustment |
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