Article 143 - Late Payment of Tax Charge

(1) Tax due and payable under the provisions of these Regulations and the Tax Rules shall carry an additional charge at the rate stipulated in the Tax Rules (TAX 10) from the first day following the expiry of 6 months from the end of the Accounting Period (to which the tax due relates) to the date of payment.
(2) The additional charge under Article 143(1) shall become due and payable as it is incurred.
(3) The additional charge under Article 143(1) shall not be regarded as financial sanction under these Regulations.
Amended (as from 12th June 2017).