Commentary

Default interest

Tax tables
Tax tables | Commentary

Default interest

Tax tables | Commentary

Interest

Default interest

The prescribed rate of interest for the purposes of VATA 1994 s 74 (the provisions of which were operative from 1 April 1990) has varied as follows—

Rate %
6.3.91–5.5.9111.5
6.5.91–5.7.9110.75
6.7.91–5.10.9110
6.10.91–5.11.929.25
6.11.92–5.12.927.75
6.12.92–5.3.937
6.3.93–5.1.946.25
6.1.94–5.10.945.5
6.10.94–5.3.956.25
6.3.95–5.2.967
6.2.96–5.7.986.25
6.7.98–5.1.999.5
6.1.99–5.3.998.5
6.3.99–5.2.007.5
6.2.00–5.5.018.5
6.5.01–5.11.017.5
6.11.01–5.9.036.5
6.9.03–5.12.035.5
6.12.03–5.9.046.5
6.9.04–5.9.057.5
6.9.05–5.9.066.5
6.9.06–5.8.077.5
6.8.07–5.1.088.5
6.1.08–5.11.087.5
6.11.08–5.12.086.5
6.12.08–5.1.095.5
6.1.09–26.1.094.5
27.1.09–23.3.093.5
24.3.09–28.9.902.5
29.9.09–22.8.163
23.8.16–20.11.172.75
21.11.18–20.8.183
21.8.18–30.3.203.25
31.3.20 onwards

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