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Statutory Instruments

2025 No. 270

Income Tax

The Taxes (Interest Rate) (Amendment) Regulations 2025

Made

5th March 2025

Laid before the House of Commons

6th March 2025

Coming into force

6th April 2025

The Treasury make the following Regulations in exercise of the powers conferred by section 178(1) and (2)(s) of the Finance Act 1989(1).

Citation and commencement

1. These Regulations may be cited as the Taxes (Interest Rate) (Amendment) Regulations 2025 and come into force on 6th April 2025.

Amendment of the Taxes (Interest Rate) Regulations 1989

2. In regulation 5(1) of the Taxes (Interest Rate) Regulations 1989(2), for “on and after 6th April 2023, be 2.25 per cent per annum” substitute “on and after 6th April 2025, be 3.75 per cent per annum.”.

Jeff Smith

Vicky Foxcroft

Two of the Lords Commissioners of His Majesty’s Treasury

5th March 2025

(1)

1989 c. 26; paragraph (s) of section 178(2) was inserted by paragraphs 156 and 162(d) of Schedule 6 to the Income Tax (Earnings and Pensions) Act 2003 (c. 1).

(2)

S.I. 1989/1297; relevant amending instruments are S.I. 1994/1307, 2009/199 and 2023/216.

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Taxes (Interest Rate) (Amendment) Regulations 2025 (2025/270)

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