Regulation 4 Amendment of the Cereals Co-responsibility Levy Regulations 1988

For regulation 10 (recovery of cereals co-responsibility levy) there shall be substituted the following regulation—

“10

(1)

Interest payable in accordance with Article 4(4) of the Commission Regulation in respect of any delay in a payment of cereals co-responsibility levy shall be calculated at the rate of one percentage point above the sterling three month London interbank offered rate on—

(a)

the day on which that payment became due; or

(b)

where that day falls on a weekend or a public holiday, the next working day.

(2)

Cereals co-responsibility levy and any interest thereon due from any person shall be recoverable by the Board as a civil debt.”.