LegalizeThe Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) Order 1993
Made: 4th February 1993
Laid before the House of Commons: 5th February 1993
Coming into force: 6th February 1993
The Treasury, in exercise of the powers conferred on them by section 38A(3) of the Value Added Tax Act 1983([^f00001]), hereby make the following Order:
1
This Order may be cited as the Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) Order 1993 and shall come into force on 6th February 1993.
2
For the purposes of section 38A of the Value Added Tax Act 1983 the prescribed rate shall be 8 per cent.
Signed
Tim Wood — Tim Kirkhope — Two of the Lords Commissioners of Her Majesty’s Treasury — 4th February 1993
Explanatory note
(This note is not part of the Order)
This Order reduces from 10.25 per cent. to 8 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).
Footnotes
[^f00001]: 1983 c. 55; section 38A was inserted by section 17 of the Finance Act 1991 (c. 31).
Reading this document does not replace reading the official text published on legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. We assume no responsibility for any inaccuracies arising from the conversion of the original CLML XML to this format.
This text is published under legislation.gov.uk's own terms of reuse, not a Legalize or public-domain licence.
legislation.gov.uk
Open Government Licence v3.0 (attribution required)
© Crown and database right. Derived from content available under the Open Government Licence v3.0 from legislation.gov.uk.