The Local Government (Interest on Repayments of Rates) (Scotland) Order 1991
This Order sets at 12% per annum the rate of interest payable by a Scottish rating authority when it repays to a ratepayer a sum paid in error or when it makes a repayment following a successful appeal as to the valuation of the ratepayer’s land. The set rate of interest applies only in respect of periods after 31st July 1991.