PART 6INTEREST

CHAPTER 2INTEREST ON AMOUNTS PAYABLE BY WRA

Repayment interest

I1162Repayment interest: supplementary

1

Repayment interest is not payable on an amount payable in consequence of an order or judgment of a court having power to allow interest on the amount.

2

Repayment interest is not payable on repayment interest.

3

The date of repayment, in relation to an amount to which section 161 applies, includes the date on which it is set off against an amount owed to WRA.