Rule 8 Interest payable on late paymentI1
England and Wales
If payment is not made by a leviable body in accordance with the requirements of rule 7, F1the unpaid balance from time to time carries interest at the rate which is for the time being specified in section 17(1) of the Judgments Act 1838f1 in relation to a judgment debt.
Annotations
Textual amendments
- F1
Words in rule 8 substituted (2.7.2014) by The Legal Services Act 2007 (Levy) (No. 2) (Amendment) Rules 2014 (S.I. 2014/1185), rules 1, 8
Commencement
- I1
Rule 8 in force at 1.1.2011, see rule 1(2)
Footnotes
- f1
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1838 c. 110. A relevant amendment was made by S.I. 1993/564.