{
  "url": "https://openlegislation.uk/hill-livestock-compensatory-allowances-regulations-1999/regulation-16",
  "json_url": "https://openlegislation.uk/hill-livestock-compensatory-allowances-regulations-1999/regulation-16.json",
  "legislation": "uksi/1999/3316",
  "legislation_title": "The Hill Livestock (Compensatory Allowances) Regulations 1999",
  "legislation_url": "https://openlegislation.uk/hill-livestock-compensatory-allowances-regulations-1999",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Rate of interest",
  "text": "Where the appropriate authority recovers the whole or any part of any compensatory allowance pursuant to regulation 15, unless the sum recovered was paid as a result of its own error, interest shall be charged thereon at the rate of one per cent above the sterling three months London Interbank Offered Rate on a day-to-day basis for the period from payment to recovery.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1999/3316/regulation/16",
    "retrieved_at": "2026-10-29T09:32:26.390583+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}