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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) (No. 2) Order 1991 No. 2282 URL: http://www.bailii.org/uk/legis/num_reg/1991/uksi_19912282_en.html |
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Statutory Instruments
VALUE ADDED TAX
Made
14th October 1991
Laid before the House of Commons
15th October 1991
Coming into force
16th October 1991
The Treasury, in exercise of the powers conferred on them by section 38A(3) of the Value Added Tax Act 1983(1), hereby make the following Order:
1. This Order may be cited as the Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) (No. 2) Order 1991 and shall come into force on 16th October 1991.
2. For the purposes of section 38A of the Value Added Tax Act 1983 the prescribed rate shall be 10.25 per cent.
Sydney Chapman
Irvine Patnick
Two of the Lords Commissioners of Her Majesty's Treasury
14th October 1991
(This note is not part of the Order)
This Order reduces from 12 per cent to 10.25 per cent the prescribed rate of interest for the purposes of section 38A of the Value Added Tax Act 1983 (interest in certain cases of official error).
1983 c. 55; section 38A was inserted by section 17 of the Finance Act 1991 (c. 31).
