Paragraph 4 Interest and recovery
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.
The unpaid amount of a penalty for the time being—
carries interest at a rate for the time being specified in section 17 of the Judgments Act 1838 M1, and
does not also carry interest as a judgment debt under that section.
The total amount of interest imposed under sub-paragraph (2) must not exceed the amount of the penalty.
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.
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