Regulation 13 Rate of interestI1

Except where the Department recovers from any applicant any compensatory allowance or part of any compensatory allowance paid to that applicant as a result of an error of the Department, for the purpose of Article 14(1) of the Commission Regulation No. 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.