{
  "url": "https://openlegislation.uk/value-added-tax-act-1994-interest-on-taxprescribed-rate-order-1996/note",
  "json_url": "https://openlegislation.uk/value-added-tax-act-1994-interest-on-taxprescribed-rate-order-1996/note.json",
  "legislation": "uksi/1996/165",
  "legislation_title": "The Value Added Tax Act 1994 (Interest on Tax)(Prescribed Rate) Order 1996",
  "legislation_url": "https://openlegislation.uk/value-added-tax-act-1994-interest-on-taxprescribed-rate-order-1996",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Order)\nThis Order lowers from 7 per cent. per annum to 6.25 per cent. per annum 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).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/165/note",
    "retrieved_at": "2026-10-29T12:53:48.689512+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."
}