The Taxes and Duties, etc (Interest Rate) (Amendment) Regulations 2025
15 April 2025
Amends/Commences: Air Passenger Duty and Other Indirect Taxes (Interest Rate) Regulations 1998 (SI 1998/1461)
Comes into force: 6th April 2025
Jurisdiction: UK
Interest rates are increased for tax liabilities and recoveries relating to air passenger duty, insurance premium tax, VAT (recovered or recoverable by assessment), and landfill tax. The new calculation to be used to determine the level of interest is the reference rate (RR) +4%.
For more information, click here.
Comes into force: 6th April 2025
Jurisdiction: UK
Interest rates are increased for tax liabilities and recoveries relating to air passenger duty, insurance premium tax, VAT (recovered or recoverable by assessment), and landfill tax. The new calculation to be used to determine the level of interest is the reference rate (RR) +4%.
For more information, click here.