# The Insurance Premium Tax (Prescribed Rates of Interest) Order 1994, Article 2


For the purposes of paragraph 21 of Schedule 7 to the Finance Act 1994 the prescribed rate shall be 5.5 per cent. per annum.

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Source: https://www.legislation.gov.uk/uksi/1994/1819/article/2 (the official version)
Page: https://openlegislation.uk/insurance-premium-tax-prescribed-rates-of-interest-order-1994/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.