Statutory Instrument 2003 No. 230

The Air Passenger Duty and Other Indirect Taxes (Interest Rate) (Amendment) Regulations 2003

(The document as of February, 2008)

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STATUTORY INSTRUMENTS

2003 No. 230

AGGREGATES LEVY

CLIMATE CHANGE LEVY

CUSTOMS AND EXCISE

INSURANCE PREMIUM TAX

LANDFILL TAX

VALUE ADDED TAX

The Air Passenger Duty and Other Indirect Taxes (Interest Rate) (Amendment) Regulations 2003

	Made	6th February 2003
	Laid before the House of Commons	6th February 2003
	Coming into force	1st April 2003

The Treasury, in exercise of the powers conferred upon them by section 197 of the Finance Act 1996[1], hereby make the following regulations:

    1.These Regulations may be cited as the Air Passenger Duty and Other Indirect Taxes (Interest Rate) (Amendment) Regulations 2003 and come into force on 1^st April 2003.

    2.Amend the Air Passenger Duty and Other Indirect Taxes (Interest Rate) Regulations 1998[2] as follows.

    3.In regulation 4(1) (interest payable to the Commissioners of Customs and Excise) - 

(a) in sub-paragraph (f) omit "and,"; and

(b) after sub-paragraph (g) insert - 


    " and

(h) sections 25(2)(f) and 30(3)(f) of, and paragraphs 6 and 8(3)(a) of Schedule 5 to, the Finance Act 2001[3] (aggregates levy),".

    4.In regulation 5(1) (interest payable by the Commissioners of Customs and Excise) - 

(a) in sub-paragraph (e) omit "and,"; and

(b) after sub-paragraph (f) insert - 


    " , and

(g) paragraphs 2 and 6(1)(b) of Schedule 8 to the Finance Act 2001 (aggregates levy),".

Nick Ainger

Philip Woolas
Two of the Lords Commissioners of Her Majesty's Treasury

6th February 2003

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EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations, which come into force on 1st April 2003, amend regulations 4 and 5 of the Air Passenger Duty and Other Indirect Taxes (Interest Rate) Regulations 1998 (S.I. 1998/1461, as amended). The purpose of the amendments is to extend the existing provisions for setting interest rates on payments to and by the Commissioners on certain indirect taxes to include aggregates levy.

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Notes:

[1] 1996 c. 8; section 197 was amended by the Finance Act 1997 (c. 16), Schedule 5, paragraph 21 and Schedule 18, Part V(1), the Finance Act 1999 (c. 16), section 130(3) and Schedule 20, Part VI, the Finance Act 2000 (c. 17), Schedule 7, paragraph 6, the Finance Act 2001 (c. 9), section 49(2) and Schedule 3, paragraph 18 and the Finance Act 2002 (c. 23), section 132(2).back

[2] S.I. 1998/1461; amended by S.I. 2000/631, S.I. 2001/3337.back

[3] 2001 c. 9.back

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ISBN 0 11 044798 0

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