SCHEDULES
SCHEDULE 54Repayment interest
Part 1Repayment interest start date: general rule
Payment of amounts on return or claim
5
1
In the case of an amount which—
a
has not been paid to HMRC, and
b
is payable by virtue of a return having been filed or a claim having been made,
the repayment interest start date is the later of the dates mentioned in sub-paragraph (2).
2
The dates are—
a
the date (if any) on which the return was required to be filed or the claim was required to be made, and
b
the date on which the return was in fact filed or the claim was in fact made.