V5.386 Default Interest—Prescribed Rate Of Interest (Before 1 January 2023)

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Commentary

Part V5 Compliance, enforcement and appeals

This paragraph covers the prescribed rate of interest under the default interest regime applying to VAT periods starting before 1 January 2023.

From 1 January 2023 the harmonised interest regime for late payment of tax in FA 2009 applies in relation to VAT (including

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V5.386 Default interest—prescribed rate of interest (before 1 January 2023)

Part V5 Compliance, enforcement and appeals

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V4.232BB Relevant residential purposes (RRP)

V16.870 Changes to the VAT second-hand margin scheme

V16.981 Implementing the VAT Technical Directive and changes to the partial exemption and capital goods scheme rules

V3.306 Valuation for import VAT

V3.153 Value—subsidies

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V5.386 Default interest—prescribed rate of interest (before 1 January 2023)

Part V5 Compliance, enforcement and appeals

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