VSIM7700 | Processes and procedure: recovery assessments

This guidance deals with interest matters in respect of prescribed accounting periods starting on or before 31 December 2022. Interest matters with effect from 01 January 2023 are dealt with under Finance Act 2009.

Please see Compliance Handbook page CH140000 onwards to find the new interest rules guidance.

Where it is discovered that a claimant has been overpaid an amount of statutory interest (SI) a recovery assessment should be issued in accordance with section 78A VATA

The relevant guidance is at VAEC4140.

VATA S78
VATA s 78A