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An account manager may make a claim to HMRC on behalf of the investor for repayment of income tax deducted from income, and, prior to 2016/17, UK tax credits in respect of dividends, arising in respect of investments in an ISA account¹.

An annual claim is made within six months of the end of the tax year, but interim claims may be made at monthly intervals.

Before making his first claim, an account manager must advise HMRC's Savings Schemes Office of not more than five individuals who are authorised to sign claims, with a specimen signature for each, a copy of the resolution of the board or equivalent managing body appointing each signatory and details of the bank account into which repayments are to be paid².

The amount of any claim (interim or annual) is to be reduced by³:

1. Ìý

   (a)ÌýÌýÌýÌý any over-repayment on a previous claim;

2. Ìý

   (b)ÌýÌýÌýÌý prior to 1 July