# The Taxes and Duties (Interest Rate) (Amendment) Regulations 2009, Regulation 16: Amendment of regulation 2


(1) Amend regulation 2 (interpretation) as follows.
(2) In paragraph (1)—
(a) in the definition of “operative day” for “eleventh” substitute “twelfth”,
(b) in the definition of “reference day” omit “second”.
(3) For paragraph (2) substitute—
“(2) In these Regulations the reference rate found on a reference date is the official bank rate determined by the most recent meeting of the Monetary Policy Committee of the Bank of England.”.

---
Source: https://www.legislation.gov.uk/uksi/2009/2032/regulation/16 (the official version)
Page: https://openlegislation.uk/taxes-and-duties-interest-rate-amendment-regulations-2009/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.