
1 
This Order may be cited as the Value Added Tax Act 1994 (Interest on Tax) (Prescribed Rate) Order 1994 and shall come into force on 6th October1994.
2 
For the purposes of subsections (1), (2) and (4) of section 74 of the Value Added Tax Act 1994 the prescribed rate shall be 6.25 per cent.
Derek Conway
Tim Wood
Two of the Lords Commissioners
28th September 1994of Her Majesty’s Treasury