SCHEDULES

SCHEDULE 5Aggregates levy: recovery and interest

11Supplemental provisions about interest

1

Interest under any of paragraphs 5 to 9 above shall be paid without any deduction of income tax.

2

Sub-paragraph (3) below applies where—

a

an amount carries interest under any of paragraphs 5 to 9 above (or would do so apart from that sub-paragraph); and

b

all or part of the amount turns out not to be due.

3

In such a case—

a

the amount or part that turns out not to be due shall not carry interest under the applicable paragraph and shall be treated as never having done so; and

b

all such adjustments as are reasonable shall be made, including (subject to section 32 of, and Schedule 8 to, this Act) adjustments by way of repayment.