Section 14 Interest.

England, Wales and Scotland

(1)

The Secretary of State may by order made with the approval of the Treasury provide that sums payable in pursuance of decisions of F1employment tribunals shall carry interest at such rate and between such times as may be prescribed by the order.

(2)

Any interest due by virtue of such an order shall be recoverable as a sum payable in pursuance of the decision.

(3)

The power conferred by subsection (1) includes power—

(a)

to specify cases or circumstances in which interest is not payable,

(b)

to provide that interest is payable only on sums exceeding a specified amount or falling between specified amounts,

(c)

to make provision for the manner in which and the periods by reference to which interest is to be calculated and paid,

(d)

to provide that any enactment—

(i)

does or does not apply in relation to interest payable by virtue of subsection (1), or

(ii)

applies to it with such modifications as may be specified in the order,

(e)

to make provision for cases where sums are payable in pursuance of decisions or awards made on appeal from employment tribunals,

(f)

to make such incidental or supplemental provision as the Secretary of State considers necessary.

(4)

In particular, an order under subsection (1) may provide that the rate of interest shall be the rate specified in section 17 of the M1Judgments Act 1838 as that enactment has effect from time to time.

Annotations

Textual amendments

F1: Words in s. 14(1)(3)(e) substituted (1.8.1998) by 1998 c. 8, s. 1(2)(b) (with s. 16(2)); S.I. 1998/1658, art. 2(1), Sch. 1

Marginal citations

M1: 1838 c. 110.

Notes on the whole Act

Textual amendments

F1: The Industrial Tribunals Act 1996 may be cited as the Employment Tribunals Act 1996 (1.8.1998) by virtue of 1998 c. 8, s. 1(2) (with s. 16(2)); S.I. 1998/1658, art. 2(1), Sch. 1
F2: Words in long title substituted (1.8.1998) by 1998 c. 8, s. 1(2)(b) (with s. 16(2); S.I. 1998/1658, art. 2(1), Sch. 1

Notes on Part I

Textual amendments

F1: S. 12A applied (with modifications) by 1992 c. 52, s. 138(2A) as inserted (6.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 3 para. 1 (with s. 24(5)); S.I. 2014/253, art. 3(h)
F2: Words in part heading substituted (1.8.1998) by 1998 c. 8, s. 1(2)(b) (with s. 16(2)); S.I. 1998/1658, art. 2(1), Sch. 1

Notes on Costs etc, interest and enforcement

Textual amendments

F1: S. 13 cross-heading inserted (6.4.2014) by Enterprise and Regulatory Reform Act 2013 (c. 24), s. 103(3), Sch. 3 para. 3 (with s. 24(5)); S.I. 2014/253, art. 3(h)