The Income Tax (Interest on Unpaid Tax and Repayment Supplement) (No. 3) Order 1988

3.  The prescribed rate of interest for the purposes of section 47(1) of the Finance (No. 2) Act 1975(1) and sections 824(1) and 825(2) of the Income and Corporation Taxes Act 1988 (supplement in respect of repayments of certain taxes) shall be 10.75 per cent. per annum.

(1)

Section 47 was amended by section 148 of, and Part IV of Schedule 14 to, the Finance Act 1988 (c. 39).