SCHEDULES

[F1Schedule 54AU.K.Further provision as to late payment interest and repayment interest]

[F2PART 2U.K.Value added tax

Certain amounts of repayment interest recoverable as late payment interestU.K.

6U.K.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.]