{
  "url": "https://openlegislation.uk/alcoholic-products-repayment-interest-rate-alcohol-duty-regulations-2025/regulation-3",
  "json_url": "https://openlegislation.uk/alcoholic-products-repayment-interest-rate-alcohol-duty-regulations-2025/regulation-3.json",
  "legislation": "uksi/2025/947",
  "legislation_title": "The Alcoholic Products (Repayment Interest Rate) (Alcohol Duty) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/alcoholic-products-repayment-interest-rate-alcohol-duty-regulations-2025",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Repayment interest rate",
  "text": "(1) Except where regulation 4 applies, the repayment interest rate is the higher of—\n(a) 0.5% per annum, and\n(b) the percentage per annum found by applying the following formula—\nB a n k o f E n g l a n d r a t e - 1 .\n(2) The repayment interest rate found in paragraph (1) applies on and after the operative date.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/947/regulation/3",
    "retrieved_at": "2026-10-28T21:12:18.460174+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}