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The Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) Order 1993

S.I. 1993/192 · Made 4 February 1993

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 4th February 1993

Laid before the House of Commons 5th February 1993

Coming into force 6th February 1993

The Treasury, in exercise of the powers conferred on them by section 38A(3) of the Value Added Tax Act 1983(f1), 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) Order 1993 and shall come into force on 6th February 1993.

2

For the purposes of section 38A of the Value Added Tax Act 1983 the prescribed rate shall be 8 per cent.

Signature

Tim Wood

Tim Kirkhope

Two of the Lords Commissioners of Her Majesty’s Treasury

4th February 1993

Explanatory note

(This note is not part of the Order)

This Order reduces from 10.25 per cent. to 8 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).