(1)
A local authority may, by resolution, authorise penalties to be added to rates that are not paid by the due date.
(2)
A resolution made under subsection (1) must—
be made not later than the date when the local authority sets the rates for the financial year; and
state—
how the penalty is calculated; and
the date that the penalty is to be added to the amount of the unpaid rates.
(3)
A penalty must not—
exceed 10% of the amount of the unpaid rates on the date when the penalty is added; or
be added to rates postponed under section 87 until the rates become payable.
Compare: 1988 No 97 s 132(1)–(3)