Regulation 11 Interest on overpaid taxI1

Where tax repaid under regulation 14 is not less than £25 it shall be repaid with interest on it at the rate which is the F1rate applicable under section 178 of the Finance Act 1989 for the purposes of section 92(2) of the Act^f1 from the time it was paid.

Interest paid under this regulation shall not constitute income for the purposes of income tax or corporation tax.