The Air Passenger Duty and Other Indirect Taxes (Interest Rate) (Amendment) Regulations 2001

• Citation: S.I. 2001/3337
• Sections: 3

Section 1

These Regulations may be cited as the Air Passenger Duty and Other Indirect Taxes (Interest Rate) (Amendment) Regulations 2001 and come into force on 1st November 2001.

Section 2

(1) Amend regulation 4 of the Air Passenger Duty and Other Indirect Taxes (Interest Rate) Regulations 1998 (interest payable to the Commissioners) as follows.

(2) In paragraph (1)—

(a) in sub-paragraph (e) omit “and”, and

(b) after sub-paragraph (f) insert “and, (g) paragraphs 41(2)(f), 70(1)(b) and 81(3) of Schedule 6 to the Finance Act 2000 (climate change levy),”;.

(3) At the end insert—

(4) With effect from 1st November 2001 the rate of interest prescribed in paragraph (1) above for the purposes of paragraph 17 of Schedule 5 to the Finance Act 1997 also applies in the application of that paragraph to assessments under paragraph 14 or 15 of that Schedule as amended by paragraph 19 of Schedule 3 to the Finance Act 2001 .

Section 3

Amend regulation 5(1) of the Air Passenger Duty and Other Indirect Taxes (Interest Rate) Regulations 1998 (interest payable by the Commissioners) as follows—

(a) in sub-paragraph (a), for the words “paragraph 9 of Schedule 6 to the Finance Act 1994” substitute “Parts 2 and 3 of Schedule 3 to the Finance Act 2001 (interest payable on repayments etc. )”,

(b) in sub-paragraph (d) omit “and”, and

(c) after sub-paragraph (e) insert “and, (f) paragraphs 62(3)(f) and 66 of Schedule 6 to the Finance Act 2000 (climate change levy)”.