# The Common Agricultural Policy Single Payment and Support Schemes (Integrated Administration and Control System) Regulations 2005, Regulation 8: Interest


(1) Interest shall be charged in respect of each day of the period referred to in Article 73(3) of Commission Regulation 796/2004.
(2) For the purposes of Article 73(3) of Commission Regulation 796/2004 the rate of interest applicable on any day shall be one percentage point above the LIBOR on that day.

---
Source: https://www.legislation.gov.uk/uksi/2005/218/regulation/8 (the official version)
Page: https://openlegislation.uk/common-agricultural-policy-single-payment-and-support-schemes-integrated-administration-and-control-system-regulations-2005/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.