Amendment of regulation 47G of the principal Regulations
15.—(1) Regulation 47G of the principal Regulations (payment of interest on a repaid direct payment Class 1A contribution) shall be amended as follows.
(2) In the heading and in paragraph (1)(a) the words “direct payment” shall be omitted.
(3) For paragraph (2) there shall be substituted the following paragraph—
“(2) For the purposes of this regulation, “the relevant date” means—
(a)the 14th day after the end of the year in respect of which the Class 1A contribution was paid; or
(b)if later than that day, the date on which that contribution was paid.”