Explanatory note

These Regulations, which come into force on 1st November 2001, amend regulations 4 and 5 of the Air Passenger Duty and Other Indirect Taxes (Interest Rate) Regulations 1998 (S.I. 1998/1461, as amended by S.I. 2000/631). The primary purpose of this amendment is to extend the existing provisions for setting interest rates on payments to and by the Commissioners on certain indirect taxes to include excise duties generally, and climate change levy.

The Regulations also extend those provisions for setting interest rates so as to cover cases where the Commissioners assess to recover excessive repayments of excise duty, or climate change levy.