# The Veal (Marketing Payment) Regulations 1997, Regulation 9: Rate of interest


Except where the appropriate Minister recovers from any applicant a payment or part of a payment paid to that applicant as a result of an error of that Minister, he may charge interest on any payment recovered under regulation 8 at the rate of one percentage point above the sterling three months London Interbank Offered Rate on a day to day basis for the period from the date of payment to the date of reimbursement by the applicant.

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Source: https://www.legislation.gov.uk/uksi/1997/1986/regulation/9 (the official version)
Page: https://openlegislation.uk/veal-marketing-payment-regulations-1997/regulation-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.