BB/7/01 New rates of interest paid by and to Customs and ExciseBusiness Brief, Issue 7. 4 May 2001This Business Brief gives notice that as a result of recent changes in base lending rates the rates of interest paid by and to Customs will decrease from 6 May 2001.An Order of the Commissioners of Customs and Excise was issued on 24 April 2001 with the effect that— — the rate of default interest charged on underdeclared VAT, air passenger duty [APD], insurance premium tax [IPT], landfill tax and Customs and Excise duties will decrease from 8.5 per cent to 7.5
Business Brief, Issue 7. 4 May 2001
This Business Brief gives notice that as a result of recent changes in base lending rates the rates of interest paid by and to Customs will decrease from 6 May 2001.
An Order of the Commissioners of Customs and Excise was issued on 24 April 2001 with the effect that—
— the rate of default interest charged on underdeclared VAT, air passenger duty [APD], insurance premium tax [IPT], landfill tax and Customs and Excise duties will decrease from 8.5 per cent to 7.5
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