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Paragraph 23

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

In a case where—

(a)

any interest is payable by the Commissioners to a person on a sum due to him under this Part of this Act, and

(b)

he is a person to whom regulations under section 55 of this Act apply,

the interest shall be treated as an amount to which he is entitled by way of credit in pursuance of the regulations.

(2)

Sub-paragraph (1) above shall be disregarded for the purpose of determining a person’s entitlement to interest or the amount of interest to which he is entitled.

Notes on Schedule 7

Modifications

C1

Sch. 7 extended (19.3.1997) by 1997 c. 16, s. 50, Sch. 5 Pt. I paras. 1, 4(2)