# The Non-Domestic Rating (Payment of Interest) Regulations 1990, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations provide for the payment of interest in certain cases in which, in consequence of an alteration to a valuation list compiled under Part III of the Local Government Finance Act 1988 (non-domestic rating), an amount falls to be repaid or credited by a charging authority or the Secretary of State.
Regulation 3 prescribes the circumstances in which interest is payable and, in certain cases, the time at which payment is to be made.
Regulation 4 provides how rates of interest are to be determined. Regulation 5 specifies the way in which interest is to be calculated except where regulation 6 applies.
Regulation 6 makes special provision for certain cases in which a valuation officer applies to a valuation and community charge tribunal or appeals to the Lands Tribunal in respect of a decision or order requiring the alteration of a local or central non-domestic rating list.

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Source: https://www.legislation.gov.uk/uksi/1990/1904/note (the official version)
Page: https://openlegislation.uk/non-domestic-rating-payment-of-interest-regulations-1990/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.