# The Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) Order 1993, Note: 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/note (the official version)
Page: https://openlegislation.uk/value-added-tax-act-1983-interest-on-overpayments-etc-prescribed-rate-order-1993/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.