# The Hill Livestock (Compensatory Allowances) Regulations 1994, 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.

---
Source: https://www.legislation.gov.uk/uksi/1994/2740/regulation/12 (the official version)
Page: https://openlegislation.uk/hill-livestock-compensatory-allowances-regulations-1994/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.