Related HMRC Manuals

15(1)  Where conditions A and B are met–

(a)the appropriate adjustment is to be made of the amount of late payment interest payable, and

(b)accordingly, the appropriate repayment (if any) is to be made of any late payment interest previously paid.

15(2)  Condition A is that any amount of late payment interest is payable on–

(a)any amount on account of income tax which is due and payable in accordance with section 59A(2) of TMA 1970, or

(b)any amount of income tax or capital gains tax which becomes due and payable in accordance with section 55 or 59B of TMA 1970.

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