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In force since 2025-04-06, as the publisher states.
Copy read on 2026-11-10. The page it was read from
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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6 provisions
Title and introductory text
2025 No. 386
TAXES AND DUTIES
The Taxes and Duties, etc (Interest Rate) (Amendment) Regulations 2025
Made
25th March 2025
Laid before the House of Commons
26th March 2025
Coming into force
6th April 2025
The Treasury make these Regulations in exercise of the powers conferred by section 178(1) to (3) of the Finance Act 1989, section 197(1) to (3) of the Finance Act 1996, section 103(1) and (3) of the Finance Act 2009 and section 32(13) of, and paragraph 5(1), (2)(d) and (3) of Schedule 6 to, the Taxation (Cross-border Trade) Act 2018.
Propose a change1 Citation and commencement
These Regulations may be cited as the Taxes and Duties, etc (Interest Rate) (Amendment) Regulations 2025 and come into force on 6th April 2025.
Propose a change2 Amendment of the Taxes (Interest Rate) Regulations 1989
(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.
.
Propose a change3 Amendment of the Air Passenger Duty and Other Indirect Taxes (Interest Rate) Regulations 1998
(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”.
Propose a change4 Amendment of the Taxes and Duties, etc (Interest Rate) Regulations 2011
(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”.
Propose a change5 Amendment of the Customs (Import Duty) (EU Exit) Regulations 2018
(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”.
Propose a change