The Recovery of Import Duties and Export Duties (Andorra) Regulations 2010

Interest

24.—(1) A claim shall carry interest in respect of the principal and any penalty claimed, at the rate applicable to a corresponding UK claim under section 197 of the Finance Act 1996(1), from the date on which the instrument permitting the enforcement has been directly recognised, accepted, supplemented or replaced in accordance with article 11 of the Decision until the date of payment.

(2) In this regulation, “the date of recognition” means the earlier of—

(a) the day following the expiry of three months from the date of receipt by the Commissioners of the request for recovery; and

(b) the date the instrument permitting enforcement of the foreign claim is recognised by the Commissioners as an instrument authorising enforcement of the claim in the United Kingdom.

(3) Interest is payable under this regulation without any deduction of income tax.

(4) For the purposes of this regulation, where—

(a) any payment is made by cheque to the Commissioners; and

(b) the cheque is paid on its first presentation to the banker on whom it is drawn;

the payment shall be treated as made on the day on which the cheque was received by the Commissioners.

(5) Interest payable under this regulation shall be notified in writing to the person subject to enforcement action in respect of the claim and may be recovered from that person as a debt due to the Crown.

(1)

1996 c. 8.