# Oil Taxation Act 1975, Paragraph 16


Subject to paragraph 17 below where any amount of tax charged by an assessment to tax or paid on account of tax so charged becomes repayable under any provision of this Part of this Act that amount shall carry interest at the rate applicable under section 178 of the Finance Act 1989from—
(a) two months after the end of the chargeable period for which the assessment was made; or
(b) the date on which it was paid,
whichever is the later, until the order for repayment is issued.

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Source: https://www.legislation.gov.uk/ukpga/1975/22/schedule/2/paragraph/16 (the official version)
Page: https://openlegislation.uk/oil-taxation-act-1975/schedule-2/paragraph-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.