Recovering excess repayments made by HMRC: assessments for overpayments of interest
Finance Act 1997 paragraph 15 of Schedule 5 allows a best judgement assessment to be made to recover any amount paid by way of interest
- on an overpayment of air passenger duty, or
- in relation to a case involving delay or error by HMRC (part II of Schedule 3 to the Finance Act 2001).
Time limits for Finance Act 1997 Schedule 5 paragraph 15 assessments
As with assessments under paragraph 14 of Schedule 5, a two-year time limit applies to assessments made under paragraph 15. For more information see time limits for Finance Act 1997 Schedule 5 paragraph 14 assessments.