Repayment interest

Where an overpayment of tax is to be repaid the repayment potentially attracts repayment interest. For Corporation Tax Pay & File and Corporation Tax Self Assessment Accounting Periods, repayment interest is calculated from the later of the normal tax due date or the date of payment of the tax to the date the repayment order was issued.

For Corporation Tax Self Assessment Accounting Periods, for a repayment of Income Tax or a payment of Tax Credit, repayment interest is calculated from the day after the end of the Accounting Period to the date the repayment order was issued.