§ 79 — Provisions relating to interest and penalty

79.—(1) Any interest or penalty imposed under this Act is not part of the tax paid for the purposes of claiming relief under any of the provisions of this Act.(2) Any penalty imposed under section 87(1) of the ITA (as applied by this Act) is considered interest on tax for the purposes of section 33(2) of the Limitation Act 1959.

—(1) Any interest or penalty imposed under this Act is not part of the tax paid for the purposes of claiming relief under any of the provisions of this Act.

(2) Any penalty imposed under section 87(1) of the ITA (as applied by this Act) is considered interest on tax for the purposes of section 33(2) of the Limitation Act 1959.