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HMRC internal manual

International Manual

HM Revenue & Customs
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Double Taxation Applications and Claims: repayment interest: Entitlement

Who is entitled to repayment interest?

Any company, including an unincorporated concern, resident in a member state of the European Economic Area (EEA) is entitled to repayment interest on any repayment of income tax or payment of tax credit made after the date shown in INTM333510.

A list of member states of the EEA is at INTM333530 showing the date of joining the EEA where relevant. The list also shows territories associated with member states; a company resident in one of those territories qualifies for repayment interest.

A company resident in a member state that joined the EEA on 1 May 2004 is entitled to repayment interest on any repayment if

  • we make the repayment after the end of the accounting period in which they received the income and
  • that accounting period ended after 30 April 2004.

Any other non-resident company that is within the charge to UK corporation tax is also entitled to repayment interest.