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HMRC internal manual

COTAX Manual

Repayments / reallocations: repayment interest: legislation: calculating repayment interest

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

Section Explanation
   
826 ICTA 1988 Repayment Interest rules
826(7C) ICTA 1988 Rules for determining the amount of Repayment Interest allowable when
  • A non-trading deficit is carried back and set against profits or gains for an earlier AP