Section 10 Recovery of paymentI1

Where an amount falls to be paid to the Department by virtue of this Scheme that amount or any part thereof shall be recoverable as a civil debt.

Where a payment is to be recovered, whether in whole or in part, the Department shall charge interest on the amount to be recovered and the rate of interest shall be one percentage point above LIBOR calculated on a day to day basis from the date on which the payment was made.

In any proceedings under this Article, a certificate of the Department stating the LIBOR applicable during a period specified in the certificate shall be conclusive evidence of the rate applicable in the specified period if the certificate also states that the Bank of England notified the Department of that rate.

For the purposes of this Article “LIBOR” means the sterling three month London interbank offered rate in force at any relevant time.