(1)Any repayment of an amount paid in excess of a liability for tax or for interest on tax shall carry interest from the date on which the payment was made [F1until the order for repayment is issued] at the same rate as that at which the tax, if outstanding, would have carried interest.
(2)Interest paid under this section shall not constitute income for any tax purposes.
Textual Amendments
F1Finance Act 1989 s. 180(4);deemed always to have had effect.