Updated October 28, 2016. Exterior walls can be finished with a wide array of materials and techniques. Exterior wall finishes can produce significant savings for the contractor as well as for the building occupant and there are many options that will protect you from fire, heat, snow and that can save some money to you.
When Is Penalty Interest Payable? Penalty interest is payable when money is due, but is not paid by the due date. This means that late payment of deposit or late payment of the balance of the purchase price at settlement will usually give rise to an obligation to pay penalty interest.
Penalties and interest are assessed on any tax that is. not paid on time. If the tax return is filed after the due date, the penalty is. assessed on the tax due at the rate of 5% per month, or part. of a month, up to a maximum of 25%.