# The Hill Livestock (Compensatory Allowances) Regulations 1999, Regulation 16: Rate of interest


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.

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Source: https://www.legislation.gov.uk/uksi/1999/3316/regulation/16 (the official version)
Page: https://openlegislation.uk/hill-livestock-compensatory-allowances-regulations-1999/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.