SCHEDULES

F1Schedule 54AFurther provision as to late payment interest and repayment interest

Annotations:

C1F2PART 2Value added tax

Annotations:

Certain amounts of repayment interest recoverable as late payment interest

6

Where each of conditions A to C is met, an amount of repayment interest that—

a

has been paid to a person, but

b

ought not to have been paid (see condition C),

may be recovered from the person as if it were late payment interest.