Statutory Instrument 1993 No. 192
The Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) Order 1993
(The document as of February, 2008)
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STATUTORY INSTRUMENTS
1993 No. 192
VALUE ADDED TAX
The Value Added Tax Act 1983 (Interest on Overpayments etc) (Prescribed Rate) Order 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([1]), 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.
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).
ISBN 0 11 033192 3
Notes:[1] 1983 c. 55; section 38A was inserted by section 17 of the Finance Act 1991 (c. 31).
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