
1 
This Order may be cited as the Value Added Tax Act 1994 (Interest on Tax) (Prescribed Rate) Order 1995 and shall come into force on 6th March 1995.
2 
For the purposes of section 74 of the Value Added Tax Act 1994 the prescribed rate shall be 7 per cent.
Timothy Kirkhope
Andrew Mitchell
Two of the Lords Commissioners of Her Majesty’s Treasury
1st March 1995