sec.55Penalty for late payment

### sec.55 Penalty for late payment Penalty at the rate of 5% shall be charged and become due and payable forthwith on the amount of any supervision levy or casino tax remaining unpaid after the date on which it becomes due and payable. Additional penalty at the rate of 5% shall be charged and become due and payable on any part of any amount specified in subsection (1) (including penalty) that remains unpaid— upon the expiration of 1 month commencing on the date when the amount first became due and payable; and upon the expiration of each month commencing on the like date thereafter. However, additional penalty on that amount shall not be charged after the expiration of a period of 3 months commencing on the date when that amount first became due and payable. Subject to subsection (4) , penalty or additional penalty payable under this section on an amount of casino tax shall be deemed to be casino tax. The chief executive, for any reason that the chief executive thinks is sufficient, may remit any penalty or additional penalty (or a part of the penalty or additional penalty) payable under this section. The following applies to an amount of penalty or additional penalty received under this section— an amount charged on unpaid supervision levy— is a controlled receipt for the Financial Accountability Act 2009 ; and may be used for the purpose stated in section 50 ; an amount charged on unpaid casino tax must be paid to the consolidated fund. s 55 amd 1995 No. 6 s 2 sch ; 2009 No. 22 s 29 ; 2024 No. 10 s 21 (sec.55-ssec.1) Penalty at the rate of 5% shall be charged and become due and payable forthwith on the amount of any supervision levy or casino tax remaining unpaid after the date on which it becomes due and payable. (sec.55-ssec.2) Additional penalty at the rate of 5% shall be charged and become due and payable on any part of any amount specified in subsection (1) (including penalty) that remains unpaid— upon the expiration of 1 month commencing on the date when the amount first became due and payable; and upon the expiration of each month commencing on the like date thereafter. (sec.55-ssec.2A) However, additional penalty on that amount shall not be charged after the expiration of a period of 3 months commencing on the date when that amount first became due and payable. (sec.55-ssec.3) Subject to subsection (4) , penalty or additional penalty payable under this section on an amount of casino tax shall be deemed to be casino tax. (sec.55-ssec.4) The chief executive, for any reason that the chief executive thinks is sufficient, may remit any penalty or additional penalty (or a part of the penalty or additional penalty) payable under this section. (sec.55-ssec.5) The following applies to an amount of penalty or additional penalty received under this section— an amount charged on unpaid supervision levy— is a controlled receipt for the Financial Accountability Act 2009 ; and may be used for the purpose stated in section 50 ; an amount charged on unpaid casino tax must be paid to the consolidated fund. - (a) upon the expiration of 1 month commencing on the date when the amount first became due and payable; and - (b) upon the expiration of each month commencing on the like date thereafter. - (a) an amount charged on unpaid supervision levy— (i) is a controlled receipt for the Financial Accountability Act 2009 ; and (ii) may be used for the purpose stated in section 50 ; - (i) is a controlled receipt for the Financial Accountability Act 2009 ; and - (ii) may be used for the purpose stated in section 50 ; - (b) an amount charged on unpaid casino tax must be paid to the consolidated fund. - (i) is a controlled receipt for the Financial Accountability Act 2009 ; and - (ii) may be used for the purpose stated in section 50 ;