Explanatory note

This Order brings into effect section 20 of the Finance Act 1985 which was revised by section 20 of the Finance Act 1988 (“Repayment Supplement in respect of certain delayed payments or refunds”). It has two effects. It makes eligible for a repayment supplement certain qualifying returns relating to any prescribed accounting period ending on or after 29th July 1988.

In respect of claims for refunds by certain public bodies it makes eligible for a repayment supplement any claim received on or after 29th July 1988.