{
  "url": "https://openlegislation.uk/value-added-tax-act-1994-interest-on-tax-prescribed-rate-order-1994/note",
  "json_url": "https://openlegislation.uk/value-added-tax-act-1994-interest-on-tax-prescribed-rate-order-1994/note.json",
  "legislation": "uksi/1994/2542",
  "legislation_title": "The Value Added Tax Act 1994 (Interest on Tax) (Prescribed Rate) Order 1994",
  "legislation_url": "https://openlegislation.uk/value-added-tax-act-1994-interest-on-tax-prescribed-rate-order-1994",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order increases the prescribed rate of interest for the purposes of section 74 of the Value Added Tax Act 1994 (interest on VAT recovered or recoverable by assessment) from 5.50 per cent. to 6.25 per cent. with effect from 6th October 1994.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/2542/note",
    "retrieved_at": "2026-10-29T13:25:26.369547+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}