This document establishes the legal framework for the payment of interest on repayments of non-domestic rates in the United Kingdom. The text serves as a formal statutory instrument, outlining the specific conditions under which interest is calculated and paid to ratepayers following adjustments to their non-domestic rating assessments. It provides the regulatory mechanism required to ensure compliance with the Local Government Finance Act 1988.

This document is a technical legal instrument intended for use by legal professionals, local government administrators, and tax practitioners. Experts highlight this as a foundational regulatory text for understanding the historical administration of non-domestic rating interest in the United Kingdom.