Regulation 2 reduces the generally applicable official rate of interest from 2.50 to 2.25 per cent  per annum with effect from 6th April 2020. It does not affect the modified official rates that apply  in relation to Japan and Switzerland, which are prescribed in regulation 5(2) of the 1989  Regulations.  A Tax Information and Impact Note has not prepared for this instrument as it contains no  substantive changes to tax policy.  © Crown copyright 2020  Printed and published in the UK by The Stationery Office Limited under the authority and superintendence of Jeff James,  Controller of Her Majesty’s Stationery Office and Queen’s Printer of Acts of Parliament.  £4.90  UK202002271022 03/2020 19585  http://www.legislation.gov.uk/id/uksi/2020/194  ISBN 978-0-11-119349-5