Regulation 12 Rate of interest

Except where the appropriate Minister recovers from any claimant any compensatory allowance or part of any compensatory allowance paid to that claimant as a result of an error of that Minister, for the purpose of Article 14(1) of Commission Regulation 3887/92 interest shall be charged at the rate of one percentage point above the sterling three months London Interbank Offered Rate on a day–to–day basis for the period specified in that Article.