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

S.I. 1993/192 · made 4 February 1993

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).

Made under: Value Added Tax Act 1983 (repealed 1.9.1994)

## Introductory text

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(), hereby make the following Order:

## 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).

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Source: https://www.legislation.gov.uk/uksi/1993/192 (the official version)
Page: https://openlegislation.uk/value-added-tax-act-1983-interest-on-overpayments-etc-prescribed-rate-order-1993
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.