Carry back of losses and averagingU.K.
7U.K.In the case of any amount which is to be repaid as a result of a claim for relief under—
(a)paragraph 2 of Schedule 1B to TMA 1970 (carry back of loss relief from later year to earlier year), or
(b)Chapter 16 of Part 2 of ITTOIA 2005 (claim for averaging of profits of farmers etc over two consecutive years),
the repayment interest start date is 31 January next following the year that is the later year in relation to the claim.