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Regulation 4 Payment of interest on arrears

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 who has not paid to the Board on or before the date on which payment became due any amount of duty shall be liable to pay in respect of each day on which that amount is owed to the Board interest thereon calculated—

(a)

in respect of any day of the month in which payment of the amount became due; or

(b)

in respect of any day of any subsequent month in which the amount remains unpaid

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