# The Taxes and Duties, etc (Interest Rate) Regulations 2011, Regulation 2: Interpretation

Extent: E+W+S+N.I.

In these Regulations—
“Bank of England rate” means the official bank rate as announced at the relevant meeting;
“operative date” means the 13th working day following the relevant meeting;
“relevant meeting” means the most recent meeting of the Bank of England Monetary Policy Committee;
“working day” means any day other than a non-business day within the meaning of section 92 of the Bills of Exchange Act 1882.

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Source: https://www.legislation.gov.uk/uksi/2011/2446/regulation/2 (the official version)
Page: https://openlegislation.uk/taxes-and-duties-etc-interest-rate-regulations-2011/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.