The Taxes (Interest Rate) (Amendment) Regulations 2008
The Taxes (Interest Rate) Regulations 1989 (as amended) (“the 1989 Regulations”), made under powers conferred by section 178 of the Finance Act 1989, specify the interest rates applicable for the purposes of the enactments specified in section 178(2) of that Act. Regulation 3AB of the 1989 Regulations specifies the interest rate applicable for the purposes of some of those enactments which deal with the making of repayments by Her Majesty’s Revenue and Customs.