COM125093 - Repayments/reallocations: non automatic repayments: legislation: repayment interest

The table below gives a brief explanation of what the legislation relevant to this subject contains.

Section

Explanation

825 Income and Corporation Taxes Act (ICTA) 1988

Repayment supplement rules.

826 ICTA 1988

Repayment interest rules.

826(5A) ICTA 1988

Repayment interest is brought into account as income for tax purposes for APs ending on or after 1 July 1999.