Paragraph 1 F1
Where each of conditions A to D (see paragraph 2) is met, an amount of repayment interest that—
(a)
has been paid to a company, but
(b)
ought not to have been paid (see condition D),
may be recovered from the company as if it were late payment interest.
Annotations
Textual amendments
- F1
Sch. 54A inserted (1.1.2023 for specified purposes) by Finance (No. 3) Act 2010 (c. 33), s. 25(2), Sch. 9 para. 12 (as amended by: 2014 c. 26, Sch. 4 paras. 14, 16, 17; S.I. 2014/2228, art. 2; 2016 c. 24, Sch. 8 para. 12, 17(1)(a); and 2017 c. 32, Sch. 6 paras. 15, 20, 21(1)(b)); S.I. 2022/1277, reg. 2(2)(d) (with reg. 3)
Notes on Part 1
Textual amendments
- F2
Sch. 54A Pt. 1 heading inserted (1.1.2023) by Finance Act 2021 (c. 26), s. 120(2), Sch. 29 para. 4(2); S.I. 2022/1277, reg. 2(2)(a) (with reg. 3)