Interest on Tax Rbate

maureenbulman · 5 February 2018 at 4:18PM

Good Afternoon,
could somebody out there please help.My husband was due a tax rebate in Sep 2014.

The accountant who applied and got the rebate paid into his account on the 19/09/2014.

He kept hold of that money until 26/01/2018.

Can anybody give me a figure of what you think I should have got after waiting over 3 years to be paid.

Thanking you in Advance.

alanq · 5 February 2018 at 4:29PM

If I recall correctly, courts usually apply an interest rate of 8% for delayed repayment of a debt.

A few years ago I got that (without asking) from NS&I on the difference between the interest it had paid me and the interest it should have paid me due to an error in its calculations.

badger09 · 5 February 2018 at 4:38PM

maureenbulman wrote: »

Good Afternoon,
could somebody out there please help.My husband was due a tax rebate in Sep 2014.

The accountant who applied and got the rebate paid into his account on the 19/09/2014.

He kept hold of that money until 26/01/2018.

Can anybody give me a figure of what you think I should have got after waiting over 3 years to be paid.

Thanking you in Advance.

You asked this question a couple of days ago. Didn't you like those answers?

http://forums.moneysavingexpert.com/showthread.php?t=5787082

maureenbulman · 5 February 2018 at 11:03PM

Sorry about that badger09,ive just come back on the site and didnt know how to view the replys....Thats why i posted it again.

Interest on Tax Rbate

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