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

S.I. 1991/2282 · made 14 October 1991

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).

Made under: Value Added Tax Act 1983 (repealed 1.9.1994) (Section 38A)

## Introductory text

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 1983, hereby make the following Order:

## 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).

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Source: https://www.legislation.gov.uk/uksi/1991/2282 (the official version)
Page: https://openlegislation.uk/value-added-tax-act-1983-interest-on-overpayments-etc-prescribed-rate-no-2-order-1991
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.