Interest and recoveryU.K.
4.—(1) This paragraph applies if all or part of a monetary penalty imposed under these Regulations is unpaid by the time when it is required to be paid.
(2) The unpaid amount of the penalty for the time being—
(a)carries interest at the rate for the time being specified in section 17 of the Judgments Act 1838 M1, and
(b)does not also carry interest as a judgment debt under that section.
(3) The total amount of interest imposed under sub-paragraph (2) must not exceed the amount of the penalty.
(4) The Secretary of State may recover from the person on whom it is imposed, as a civil debt, the unpaid amount of the penalty and any unpaid interest.
(5) Any sums received by the Secretary of State by way of a penalty imposed under these Regulations or interest under this paragraph must be paid into the Consolidated Fund.
Marginal Citations