ERODG6400 - Administering the reimbursement scheme: the provisions

Under the Revenue Traders (Accounts and Records) Regulations 1992, Regulation 11 the claimant must include in their reimbursement scheme the provisions described in regulation 12. »Ê¹ÚÌåÓýappse provisions must be supported by the undertakings prescribed in regulation 16.

»Ê¹ÚÌåÓýapp provisions are as follows

  • Reimbursement will be completed by no later than 90 days after the repayment to which it relates
  • No deduction will be made from the repaid amount by way of fee or charge
  • Reimbursement will be made only in cash or by cheque
  • Any part of the repayment not reimbursed by the time mentioned at bullet 1 will be repaid to HMRC
  • Any statutory interest paid by HMRC is also subject to bullet 1 and 4 above
  • »Ê¹ÚÌåÓýapp claimant will keep records and produce them to HMRC when given notice to do so.