VAT credits and overpayments – entitlement to repayment interest – updated HMRC guidance

HMRC have updated their guidance on how to “check when you’re eligible for repayment interest if HMRC are late in settling a repayment claim from a VAT return or VAT you’ve overpaid”.

The new guidance clarifies “when you’re not eligible for repayment interest and when repayment interest ends”.

https://www.gov.uk/guidance/repayment-interest-on-vat-credits-or-overpayments?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=6f792212-1187-49aa-9a9b-4140d1d22e14&utm_content=daily

Related content from Claritax Books

Value Added Tax, written by Ciaran McGee MA (Oxon), FCA, CTA, is an extensive volume (over 1,000 pages), written primarily for non-VAT specialist accountants and tax advisers.