{
  "url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003",
  "json_url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003.json",
  "id": "uksi/2003/123",
  "title": "The Tax Credits (Interest Rate) Regulations 2003",
  "short_title": "Tax Credits (Interest Rate) 2003",
  "long_title": "These Regulations prescribe a rate of interest on the whole or part of any overpayment of tax credit under the Tax Credits Act 2002 (c. 21) where the overpayment is attributable to fraud or neglect and the Board of Inland Revenue have decided that the whole or part of the overpayment should carry interest. The Regulations also prescribe a rate of interest on any penalty under sections 31 to 33 of the Tax Credits Act 2002 (penalties for incorrect statements, failure to comply with requirements, etc.).",
  "citation": "S.I. 2003/123",
  "type": "uksi",
  "year": "2003",
  "number": "123",
  "version": "current",
  "date": "2003-01-28",
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
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      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/regulation-1",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/2",
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      "heading": "Interpretation",
      "url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/regulation-2",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Interest on overpayments of tax credit and penalties",
      "url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/regulation-3",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Prescribed rate of interest",
      "url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/regulation-4",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [
    {
      "title": "Printed copy",
      "main": true,
      "language": null,
      "date": "2008-12-04",
      "size": null,
      "url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/pdf/uksi_20030123_en.pdf",
      "source_url": "https://www.legislation.gov.uk/uksi/2003/123/pdfs/uksi_20030123_en.pdf"
    }
  ],
  "outstanding_effects": [],
  "made_under": [
    {
      "id": "ukpga/2002/21",
      "title": "Tax Credits Act 2002",
      "url": "https://openlegislation.uk/tax-credits-act-2002",
      "provisions": [
        "section/37",
        "section/65",
        "section/67"
      ]
    }
  ],
  "changes_made_to": 0,
  "changes_made_to_url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/tax-credits-interest-rate-regulations-2003/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2003/123",
    "retrieved_at": "2026-10-29T06:33:19.626529+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}