CCM8122 - Closing the Examination: Interest

Where an overpayment arises as a result of fraud or neglect interest is chargeable. However, in many examinations there is no overpayment because any amendment to the award will be dealt with by adjusting the payments for the remainder of the year.

There will be an overpayment where:

1. There is no entitlement for the year and so the overpayment is recoverable in-year under S28(6) - see CCM8125.
2. Entitlement ceased during the year or the claim was made in the wrong capacity (CCM8126). The overpayment is recoverable after the end of the year.
3. The examination is not settled before the end of the year.

You can only treat the overpayment as attracting interest where you have established fraud or neglect. For further guidance on interest charges for:

• in-year recoveries - see CCM8127 
• other overpayments - see CCM8180