# The Race Relations (Interest on Awards) Regulations 1994, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations relate to cases where an industrial tribunal makes an order under section 56(1)(b) of the Race Relations Act 1976 for payment of compensation. They come into force on 1st August 1994.
Regulation 2 enables an industrial tribunal which makes such an award to include a sum by way of interest on the amount awarded. Regulation 3 provides that such interest is to be calculated as simple interest which accrues from day to day, and specifies the rates of interest to be used for England and Wales and for Scotland. Regulations 4 to 6 contain rules for the calculation of interest. There is also provision for the industrial tribunal to depart from these rules where it is of the opinion that there are exceptional circumstances which have the effect that serious injustice would be done if it were to apply these rules. Regulation7 provides that written details must be given of the calculation of interest and that reasons must be given if no interest is awarded. Regulation 8 ensures that an appeal will lie to the Employment Appeal Tribunal on any question of law relating to a decision to award or not to award interest.
Regulation 9 alters the effect of the Industrial Tribunals (Interest) Order 1990 as it applies to an award under the Race Relations Act 1976 (including any interest awarded under regulaton 2). In relation to such an award, interest will begin to accrue from the day after the day on which the tribunals decision is sent to the parties (and not from a date 42 days later), but no interest will be payable under the Order if the full amount of the award is paid to the complainant within 14 days after the decision is sent out.

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Source: https://www.legislation.gov.uk/uksi/1994/1748/note (the official version)
Page: https://openlegislation.uk/race-relations-interest-on-awards-regulations-1994/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.