sec.114Penalty for late payment

sec.114 Penalty for late payment

A keno licensee must pay to the chief executive a penalty for an amount (the unpaid amount ) of keno tax or keno licence fee remaining unpaid after the day the amount becomes payable. The penalty is the percentage prescribed under a regulation of the unpaid amount, calculated immediately the amount becomes payable but is not received by the chief executive. An additional penalty is payable by the keno licensee to the chief executive for any part of the unpaid amount, and any previous penalty, remaining unpaid— at the end of 1 month starting on the day the unpaid amount first became payable; and at the end of each succeeding month starting— on the day of the month corresponding to the day mentioned in paragraph (a) ; or if there is no corresponding day—on the first day of the following month. The additional penalty is the percentage prescribed under a regulation of each amount for which the penalty is payable. A penalty, or a part of a penalty, is not payable if the chief executive, for a reason the chief executive considers appropriate, decides the penalty, or the part of the penalty, need not be paid. (sec.114-ssec.1) A keno licensee must pay to the chief executive a penalty for an amount (the unpaid amount ) of keno tax or keno licence fee remaining unpaid after the day the amount becomes payable. (sec.114-ssec.2) The penalty is the percentage prescribed under a regulation of the unpaid amount, calculated immediately the amount becomes payable but is not received by the chief executive. (sec.114-ssec.3) An additional penalty is payable by the keno licensee to the chief executive for any part of the unpaid amount, and any previous penalty, remaining unpaid— at the end of 1 month starting on the day the unpaid amount first became payable; and at the end of each succeeding month starting— on the day of the month corresponding to the day mentioned in paragraph (a) ; or if there is no corresponding day—on the first day of the following month. (sec.114-ssec.4) The additional penalty is the percentage prescribed under a regulation of each amount for which the penalty is payable. (sec.114-ssec.5) A penalty, or a part of a penalty, is not payable if the chief executive, for a reason the chief executive considers appropriate, decides the penalty, or the part of the penalty, need not be paid.

• (a) at the end of 1 month starting on the day the unpaid amount first became payable; and
• (b) at the end of each succeeding month starting— (i) on the day of the month corresponding to the day mentioned in paragraph (a) ; or (ii) if there is no corresponding day—on the first day of the following month.
• (i) on the day of the month corresponding to the day mentioned in paragraph (a) ; or
• (ii) if there is no corresponding day—on the first day of the following month.
• (i) on the day of the month corresponding to the day mentioned in paragraph (a) ; or