# The Value Added Tax Act 1994 (Interest on Tax) (Prescribed Rate) Order 1994, Article 2


For the purposes of subsections (1), (2) and (4) of section 74 of the Value Added Tax Act 1994 the prescribed rate shall be 6.25 per cent.

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Source: https://www.legislation.gov.uk/uksi/1994/2542/article/2 (the official version)
Page: https://openlegislation.uk/value-added-tax-act-1994-interest-on-tax-prescribed-rate-order-1994/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.