SCHEDULES
I4I2I3I8I5I6I1I7SCHEDULE 54Repayment interest
Sch. 54 in force at 6.10.2011 for specified purposes by S.I. 2011/2391, art. 2(c)
Sch. 54 in force at 31.10.2011 for specified purposes by S.I. 2011/701, art. 3(2) (with art. 4)
Sch. 54 in force at 1.2.2013 for specified purposes by S.I. 2013/67, art. 2
Sch. 54 in force at 1.10.2013 for specified purposes by S.I. 2013/2472, art. 2
Sch. 54 in force at 6.5.2014 for specified purposes by S.I. 2014/992, art. 3(2)
Sch. 54 in force at 1.1.2015 for specified purposes by S.I. 2014/3269, art. 4(1) (with art. 4(2))
Sch. 54 in force at 1.1.2015 for specified purposes by S.I. 2014/3324, art. 3
Part 1Repayment interest start date: general rule
Introductory
1
1
This Part sets out the general rule for determining the repayment interest start date.
2
The general rule is subject to the special provision made by Part 2.
Repayment of amounts paid to HMRC
2
In the case of an amount which has been paid to HMRC, the repayment interest start date is the later of date A and (where applicable) date B.
3
Date A is the date on which the amount was paid to HMRC.
4
Date B is, in the case of an amount which—
a
has been paid in connection with a liability to make a payment to HMRC, and
b
is to be repaid by them,
the date on which the payment became due and payable to HMRC.
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.
Sch. 54 in force at 31.8.2010 for specified purposes by S.I. 2010/1878, art. 2