The Revenue Scotland and Tax Powers Act (Interest on Unpaid Tax and Interest Rates in General) Regulations 2015

Repayment interest rate

This section has no associated Policy Notes

7.  The repayment interest rate for the purposes of section 219 of the Act (interest on repayment of tax overpaid etc.) is the higher of—

(a)0.5% per annum; and

(b)The Bank of England rate.