statutory interest

statutory interest

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recently succeeded in having council tax band adjusted done. result is overpayments made from 1991 valuation listing now becoming refundable

i am informed that these will be "eventually" refunded by the council - but are they liable for stat interest as well
[ recall they do for business rates valuations ? ]

any stat references to quote

many thanks

lucky

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By AnonymousUser
26th Sep 2006 13:00

STATUTORY INTEREST
This provision if brought under the Late Payment of Commercial Debts (interest) Act 1988.

Council tax payments are not regarded as commercial debts and so are not covered by the above legislation.

GRAHAM ASSOCIATES (INTERNATIONAL) LTD

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