An Act to consolidate provisions of Part III of the Finance Act 1975 and other enactments relating to inheritance tax.
1991-02-01
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2024-08-02
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PART VIII ADMINISTRATION AND COLLECTION
Interest
235 Interest on overpaid tax.
1
Any repayment of an amount paid in excess of a liability for tax or for interest on tax shall carry interest from the date on which the payment was made F1until the order for repayment is issued at F2the rate applicable under section 178 of the Finance Act 1989.
2
Interest paid under this section shall not constitute income for any tax purposes.