SCHEDULES
SCHEDULE 5Aggregates levy: recovery and interest
11Supplemental provisions about interest
1
Interest under any of paragraphs 5 to 9 above shall be paid without any deduction of income tax.
2
Sub-paragraph (3) below applies where—
a
an amount carries interest under any of paragraphs 5 to 9 above (or would do so apart from that sub-paragraph); and
b
all or part of the amount turns out not to be due.
3
In such a case—
a
the amount or part that turns out not to be due shall not carry interest under the applicable paragraph and shall be treated as never having done so; and
b
all such adjustments as are reasonable shall be made, including (subject to section 32 of, and Schedule 8 to, this Act) adjustments by way of repayment.