470Interest payable following review of reviewable amount

470 Interest payable following review of reviewable amount (1) Subject to subsection (2), if it is determined, following review under section 461, that the Authority is liable to pay the employer an amount, the Authority must pay the employer interest, at the prescribed rate, on that amount. (2) The Authority is not required to pay interest on an amount referred to in subsection (1) if that amount is only payable because the employer provided information to the Authority that— (a) was inaccurate or incomplete; or (b) was revised by the employer after the Authority gave the notice of premium. (3) The interest must be calculated— (a) from the date on which the premium paid by the employer exceeded the lower amount of premium the Authority determined to be payable following review under section 461; and (b) to the date of that determination by the Authority. (4) In this section, ***prescribed rate*** means the interest rate specified in section 7(2) of the **Taxation (Interest on Overpayments) Act 1986**.