PART 3TAX RETURNS, ENQUIRIES AND ASSESSMENTS

CHAPTER 6WRA ASSESSMENTS

Assessment of loss of tax or of excessive repayment

55Assessment to recover excessive repayment of tax

(1)

If an amount of a F1WRA-collected tax has been, but ought not to have been, repaid to a person that amount may be assessed and recovered as if it were unpaid F1WRA-collected tax.

(2)

If the repayment was made with interest, the amount assessed and recovered may include the amount of interest that ought not to have been paid.