OpenLegislation

Regulation 3 Payment of interest on the grant of payment facilities

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In accordance with Article 19 any person to whom the Board grants payment facilities other than deferred payment in accordance with Article 15 shall be liable to pay in respect of each day of the period for which those facilities are granted interest on the amount of duty to which they relate calculated—

(a)

in respect of any day of the month in which the facilities were granted; or

(b)

in respect of any day of any subsequent month to which those facilities extend

at the specified rate on the first working day of that month.