{
  "url": "https://openlegislation.uk/taxes-and-duties-etc-interest-rate-regulations-2011/regulation-3",
  "json_url": "https://openlegislation.uk/taxes-and-duties-etc-interest-rate-regulations-2011/regulation-3.json",
  "legislation": "uksi/2011/2446",
  "legislation_title": "The Taxes and Duties, etc (Interest Rate) Regulations 2011",
  "legislation_url": "https://openlegislation.uk/taxes-and-duties-etc-interest-rate-regulations-2011",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Late payment interest rate",
  "text": "(1) Except where regulation 5 applies, the late payment interest rate for the purposes of section 101 of the Finance Act 2009 (late payment interest on sums due to HMRC), is the percentage per annum found by applying the following formula—\nBank of England rate + 4.\n(2) The interest rate found under paragraph (1) applies on and after the operative date.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Word in reg. 3(1) substituted (6.4.2025) by The Taxes and Duties, etc (Interest Rate) (Amendment) Regulations 2025 (S.I. 2025/386), regs. 1, 4(2)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 3 in force at 31.10.2011, see reg. 1"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "Amendments made to sections 101 and 102 of the Finance Act 2009 (c. 10) by Schedule 9 to the Finance (No. 3) Act 2010 (c. 33) come into force on such day as the Treasury may by order appoint under section 25(2) of the latter Act."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/2446/regulation/3",
    "retrieved_at": "2026-10-29T01:53:33.708784+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}