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Paragraph 4 Interest and recovery

(1)

This paragraph applies if all or part of a monetary penalty imposed under these Regulations is unpaid by the time when it is required to be paid.

(2)

The unpaid amount of a penalty for the time being—

(a)

carries interest at a rate for the time being specified in section 17 of the Judgments Act 1838 M1, and

(b)

does not also carry interest as a judgment debt under that section.

(3)

The total amount of interest imposed under sub-paragraph (2) must not exceed the amount of the penalty.

(4)

The Secretary of State may recover from the economic operator on whom it is imposed as a civil debt, the unpaid amount of the penalty and any unpaid interest.

(5)

Any sums received by the Secretary of State by way of a penalty imposed under these Regulations or interest under this paragraph must be paid into the Consolidated Fund.

Annotations

Marginal citations

M1

1838 c.110.