§ Mr. SpellerTo ask the Secretary of State for the Environment if he will take steps to arrange that interest is paid when repaying sums which have been taken which are in excess of the final agreed figures for the uniform business rate.
§ Mr. KeyRegulations providing for the payment of interest where an overpayment of non-domestic rates has occurred due to an alteration of a rating list came into force in October 1990. Interest is paid for each financial year at a rate one per cent. below bank base rate a s at 15 March prior to the start of that year.