{
  "url": "https://openlegislation.uk/value-added-tax-act-1983-interest-on-overpayments-etc-prescribed-rate-order-1991/article-2",
  "json_url": "https://openlegislation.uk/value-added-tax-act-1983-interest-on-overpayments-etc-prescribed-rate-order-1991/article-2.json",
  "legislation": "uksi/1991/1754",
  "legislation_title": "The Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) Order 1991",
  "legislation_url": "https://openlegislation.uk/value-added-tax-act-1983-interest-on-overpayments-etc-prescribed-rate-order-1991",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": null,
  "text": "For the purposes of section 38A of the Value Added Tax Act 1983 interest shall be payable at the rates specified in the following Table–\nTABLE\nInterest for any period\nRate\nbefore 1st March 1974\n8 per cent.\nafter 28th February 1974 and before 1st February 1977\n9 per cent.\nafter 31st January 1977 and before 1st March 1979\n10 per cent.\nafter 28th February 1979 and before 1st January 1980\n12.50 per cent.\nafter 31st December 1979 and before 1st January 1981\n15 per cent.\nafter 31st December 1980 and before 1st December 1981\n12.50 per cent.\nafter 30th November 1981 and before 1st March 1982\n15 per cent.\nafter 28th February 1982 and before 1st July 1982\n14 per cent.\n30th June 1982 and before 1st April 1983\n13 per cent.\nafter 31st March 1983 and before 1st April 1984\n12.50 per cent.\nafter 31st March 1984 and before 1st August 1986\n12 per cent.\nafter 31st July 1986 and before 1st January 1987\n11.50 per cent.\nafter 31st December 1986 and before 1st April 1987\n12.25 per cent.\nafter 31st March 1987 and before 1st November 1987\n11.75 per cent.\nafter 31st October 1987 and before 1st December 1987\n11.25 per cent.\nafter 30th November 1987 and before 1st May 1988\n11 per cent.\nafter 30th April 1988 and before 1st August 1988\n9.50 per cent.\nafter 31st July 1988 and before 1st November 1988\n11 per cent.\nafter 31st October 1988 and before 1st January 1989\n12.25 per cent.\nafter 31st December 1988 and before 1st November 1989\n13 per cent.\nafter 31st October 1989 and before 1st April 1991\n14.25 per cent.\nafter 31st March 1991 and before 27th July 1991\n12 per cent.\nafter 27th July 1991\n12 per cent.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1991/1754/article/2",
    "retrieved_at": "2026-10-29T14:40:07.712433+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."
}