
1 
These Regulations may be cited as the Taxes and Duties, etc (Interest Rate) (Amendment) Regulations 2025 and come into force on 6th April 2025.
2 

(1) The Taxes (Interest Rate) Regulations 1989 are amended as follows.
(2) In regulations 3(3), 3A(3), 3AA(3), 3AC(3), 3ZB(3), 3ZC(3) and 4(3), in the formula, for “2.5” substitute “4”.
(3) In regulation 3ZA(4), in the formula, for “1” substitute “2.5”.
(4) In regulation 5A—
(a) at the end of paragraph (a), omit “and”;
(b) in paragraph (b), for “thereafter.” substitute “for the period beginning with 6 April 2017 and ending with 5 April 2025, and”;
(c) after paragraph (b), insert—“
(c) 4% per annum thereafter.”.
3 

(1) The Air Passenger Duty and Other Indirect Taxes (Interest Rate) Regulations 1998 are amended as follows.
(2) In regulation 4(3), in the formula, for “2.5” substitute “4”.
4 

(1) The Taxes and Duties, etc (Interest Rate) Regulations 2011 are amended as follows.
(2) In regulation 3(1), in the formula, for “2.5” substitute “4”.
5 

(1) The Customs (Import Duty) (EU Exit) Regulations 2018 are amended as follows.
(2) In regulation 45(4), in the formula, for “2” substitute “3.5”.
Jeff Smith
Vicky Foxcroft
Two of the Lords Commissioners of His Majesty's Treasury
25th March 2025