27Penalty for unpaid scheme debts

27 Penalty for unpaid scheme debts

(1) For the purposes of this section, a designated scheme debt is:

(a) an overpayment debt; or

(b) an amount payable by way of a penalty under section 28.

(2) If an amount of a designated scheme debt that is payable by you remains unpaid after the day by which it must be paid, you are liable, by way of penalty, to pay the general interest charge on the unpaid amount. (3) You are liable to pay the charge for each day in the period that:

(a) started at the beginning of the day on which the amount becomes due to be paid; and

(b) finishes at the end of the last day at the end of which any of these remains unpaid:

(i) the unpaid amount;

(ii) general interest charge on the unpaid amount.

(6) For the purposes of this section, the day on which an overpayment debt is due to be paid is worked out using the following table:

<table cellspacing="0" cellpadding="0" style="border-collapse:collapse"><thead><tr><td colspan="3" style="width:343.6pt; border-top:1.5pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:top"><p class="Table" style="page-break-after:avoid"><span style="font-weight:bold">Day by which overpayment debt is due to be paid</span></p></td></tr><tr><td style="width:20.5pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Table" style="page-break-after:avoid"><span style="font-weight:bold">Item</span></p></td><td style="width:213.2pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Table" style="page-break-after:avoid"><span style="font-weight:bold">Type of overpayment debt</span></p></td><td style="width:88.55pt; border-top:0.75pt solid #000000; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Table" style="page-break-after:avoid"><span style="font-weight:bold">Day on which debt</span><span> </span><span style="font-weight:bold">is due to</span><span> </span><span style="font-weight:bold">be paid</span></p></td></tr></thead><tbody><tr><td style="width:20.5pt; border-bottom:0.75pt dotted #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Table"><span>1</span></p></td><td style="width:213.2pt; border-bottom:0.75pt dotted #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Table"><span>so much of an amount paid, or purportedly paid, to an entity by way of a fuel grant as represents an overpayment</span></p></td><td style="width:88.55pt; border-bottom:0.75pt dotted #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Table"><span>the day on which the fuel grant was paid</span></p></td></tr><tr><td style="width:20.5pt; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Table"><span>2</span></p></td><td style="width:213.2pt; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Table"><span>an amount that is repayable as mentioned in subsection 14A(2) or (3) (which deals with advances)</span></p></td><td style="width:88.55pt; border-bottom:1.5pt solid #000000; padding-right:5.35pt; padding-left:5.35pt; vertical-align:top"><p class="Table"><span>the day on which the advance concerned was paid</span></p></td></tr></tbody></table>