½Û×ÓÊÓƵ

A repayment by HMRC of any of the following is increased¹ by 'repayment interest'²:

1. Ìý

   (a)ÌýÌýÌýÌý a payment on account of income tax under TMA 1970, s 59A (see E1.251)

2. Ìý

   (b)ÌýÌýÌýÌý a payment of income tax by or on behalf of an individual for a year of assessment

3. Ìý

   (c)ÌýÌýÌýÌý any of the following penalties incurred by an individual: a late filing penalty under A4.558, a deliberate withholding of information penalty under A4.559 and a late payment penalty under A4.566A

4. Ìý

   (d)ÌýÌýÌýÌý (until the penalties in (c) come into force) a late payment penalty in respect of any of items 1, 12, 18 and 19 in the table at A4.561 or insofar as the tax falls within items 1, 17, 23 or 24

5. Ìý

   (e)ÌýÌýÌýÌý a penalty incurred by an individual under any of the provisions of FA 2009, and

6. Ìý

   (f)ÌýÌýÌýÌý a payment of capital gains tax³

Interest on repayments of income and capital gains