# The Tax Collection and Management (Administration) (Wales) Regulations 2017, Regulation 7: Repayment interest rate


The repayment interest rate for the purposes of section 161 of the TCM Act is the higher of—
(a) 0.5% per annum; and
(b) the Bank of England rate.

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Source: https://www.legislation.gov.uk/wsi/2017/1022/regulation/7 (the official version)
Page: https://openlegislation.uk/tax-collection-and-management-administration-wales-regulations-2017/regulation-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.