Clause 13 - Interest on unpaid sums

Part of Proceeds of Crime Bill – in a Public Bill Committee am 2:30 pm ar 22 Tachwedd 2001.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of David Wilshire David Wilshire Ceidwadwyr, Spelthorne 2:30, 22 Tachwedd 2001

I understand what the Minister said and I accept that the clause refers to

``when it is required to be paid'', but we do not know when that is. We were told originally that the order is payable the moment that it is made. We were then told that, if a specified period of, say, 12 months was agreed, it would not be payable, and that it would even be possible to extend the period to 24 months. However, at that point, the Minister of State said that interest would be payable. It is far from clear when interest is payable. Why cannot it be stated clearly that from the moment the order is made, interest is payable, and if there is found to have been a mistake, the money is repaid and interest is paid on the repayment?