Commentary on provisions of Act Section 2: Destination of proceeds of Health and Social Care Levy
Section 2(2) states that the proceeds (including relevant penalties and interest) from this new levy will be paid by HMRC to the Secretary of State towards the cost of health and social care in England, Wales, Scotland and Northern Ireland. Section 2(2) provides the Treasury with a discretionary power to determine the share of the Levy between health and social care and the share that each nation will receive.
	Section 2(1) allows HMRC to deduct expenses associated with the collection of the health and social care levy, or recovering any relevant penalties or interest, from the amount paid to the Secretary of State.
	Section 2(3) clarifies that "relevant penalties or interest" means penalties and interest that arise in connection with the Health and Social Care Levy to the extent that they can be attributed to the Levy.
	Section 2(4) requires HMRC to pay any amounts deducted under Section 2(1) into the Consolidated Fund.