PSI17.1.67 - Tax Treatment of Approved Schemes and Payments by Approved Schemes: Tax Treatment of Approved Schemes - Repayment of Tax to Self- Administered Schemes at Interim Stage - Repayment Supplement

(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

Sections 824 and 825 ICTA 1988 provide for a repayment supplement to be paid as compensation for delay in repaying tax. The reasons for the delay are not relevant and the supplement is automatically payable whenever tax is repaid more than 12 months after the end of the tax year in which repayment was due, or the end of the year in which the tax was paid, if later.

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