SolvedESIM7400 | Processes and procedures: recovery assessments
From HM Revenue & Customs · Excise Statutory Interest Manual
Where it is discovered that a taxpayer has been overpaid an amount of statutory interest a recovery assessment should be issued in accordance with paragraph 15 of schedule 5 to the Finance Act 1997.
The relevant guidance is at EAIG7400.
Paragraph 15 of Schedule 5 to FA 2001