http://www.legislation.gov.uk/uksi/2003/123/signature/made

The Tax Credits (Interest Rate) Regulations 2003

Tax credits

Tax

Child tax credit

Working tax credit

Currencies and exchange rates

King's Printer of Acts of Parliament

2013-12-11

TAX CREDITS

These Regulations prescribe a rate of interest on the whole or part of any overpayment of tax credit under the Tax Credits Act 2002 (c. 21) where the overpayment is attributable to fraud or neglect and the Board of Inland Revenue have decided that the whole or part of the overpayment should carry interest. The Regulations also prescribe a rate of interest on any penalty under sections 31 to 33 of the Tax Credits Act 2002 (penalties for incorrect statements, failure to comply with requirements, etc.).