# The Alcoholic Products (Repayment Interest Rate) (Alcohol Duty) Regulations 2025, Regulation 3: Repayment interest rate


(1) Except where regulation 4 applies, the repayment interest rate is the higher of—
(a) 0.5% per annum, and
(b) the percentage per annum found by applying the following formula—
B a n k o f E n g l a n d r a t e - 1 .
(2) The repayment interest rate found in paragraph (1) applies on and after the operative date.

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Source: https://www.legislation.gov.uk/uksi/2025/947/regulation/3 (the official version)
Page: https://openlegislation.uk/alcoholic-products-repayment-interest-rate-alcohol-duty-regulations-2025/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.