Part 2

AGGREGATES LEVY

Credits and repayments

Special tax credit: applicable rate of interest
30C
1
The reference in section 30B(6)(d) to the applicable rate is to a rate provided for in regulations made by the Treasury.
2
Regulations under this section may—
a
provide for the rate to be determined, and to change from time to time, by reference to a rate referred to in the regulations;
b
include provision for different rates to apply at different times in a period for which interest is due to a person.
3
Regulations under this section are to be made by statutory instrument.
4
A statutory instrument containing regulations under this section is subject to annulment in pursuance of a resolution of the House of Commons.
Ss. 30B-30D inserted (26.3.2015) by Finance Act 2015 (c. 11), s. 61(2)