# The Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) Order 1991, Article 2


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–
TABLE
Interest for any period
Rate
before 1st March 1974
8 per cent.
after 28th February 1974 and before 1st February 1977
9 per cent.
after 31st January 1977 and before 1st March 1979
10 per cent.
after 28th February 1979 and before 1st January 1980
12.50 per cent.
after 31st December 1979 and before 1st January 1981
15 per cent.
after 31st December 1980 and before 1st December 1981
12.50 per cent.
after 30th November 1981 and before 1st March 1982
15 per cent.
after 28th February 1982 and before 1st July 1982
14 per cent.
30th June 1982 and before 1st April 1983
13 per cent.
after 31st March 1983 and before 1st April 1984
12.50 per cent.
after 31st March 1984 and before 1st August 1986
12 per cent.
after 31st July 1986 and before 1st January 1987
11.50 per cent.
after 31st December 1986 and before 1st April 1987
12.25 per cent.
after 31st March 1987 and before 1st November 1987
11.75 per cent.
after 31st October 1987 and before 1st December 1987
11.25 per cent.
after 30th November 1987 and before 1st May 1988
11 per cent.
after 30th April 1988 and before 1st August 1988
9.50 per cent.
after 31st July 1988 and before 1st November 1988
11 per cent.
after 31st October 1988 and before 1st January 1989
12.25 per cent.
after 31st December 1988 and before 1st November 1989
13 per cent.
after 31st October 1989 and before 1st April 1991
14.25 per cent.
after 31st March 1991 and before 27th July 1991
12 per cent.
after 27th July 1991
12 per cent.

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Source: https://www.legislation.gov.uk/uksi/1991/1754/article/2 (the official version)
Page: https://openlegislation.uk/value-added-tax-act-1983-interest-on-overpayments-etc-prescribed-rate-order-1991/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.