Rajesh is a sole trader. He correctly calculated his self-assessment payments on account for the tax year 2015–16 and paid these on the due dates.
Rajesh paid the correct balancing payment of £1,200 for the tax year 2015–16 on 30 June 2017.
What penalties and interest may Rajesh be charged as a result of his late balancing payment for the tax year 2015–16?
A. Interest of £15 only
B. Interest of £36 only
C. Interest of £36 and a penalty of £60
D. Interest of £15 and a penalty of £60