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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations specify the rate of interest that applies to any unpaid visitor levy due under section 29 (payment of levy) and unpaid penalties imposed under Chapter 3 of Part 5 of the Visitor Levy (Scotland) Act 2024.

Regulation 3 defines the Bank of England rate and the meaning of working day. It also provides for a period of three days before a new Bank of England rate will be applied to the interest calculation.

Regulation 4 provides a formula for calculating the applicable daily rate of interest.