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The Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) (No. 2) Order 1991

S.I. 1991/2282 · Made 14 October 1991

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

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 1983f1, hereby make the following Order:

Annotations to the whole text

Footnotes

f1

1983 c. 55; section 38A was inserted by section 17 of the Finance Act 1991 (c. 31).

Contents

  1. 1Article 1
  2. 2Article 2
  3. Signature
  4. Explanatory note

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.

Signature

Sydney Chapman

Irvine Patnick

Two of the Lords Commissioners of Her Majesty’s Treasury

14th October 1991

Explanatory note

(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).