A-3.001, r. 7 - Regulation respecting financing

Section 218 Disposition versions

2012-09-01

218. An employer on which a penalty is imposed pursuant to section 321.2 or 321.3 of the Act after the date of the first annual notice of assessment issued in accordance with section 305 of the Act for the assessment year in respect of which the penalty is imposed must pay interest on the penalty to the Commission. The interest is calculated from the day following the date of issue of the notice to the date of issue of the notice of assessment imposing the penalty.

When the employer fails to send a statement pursuant to section 21 or 33 within the prescribed time, interest is calculated from the day following the time limit for sending the statement to the date of issue of the notice of assessment imposing the penalty.

Decision 2010-11-18, s. 218.