A repayment made by the Commissioners for HM Revenue and Customs or an officer of Revenue and Customs of any of the following, namely:
(1) an amount paid on account of income tax1;
(2) any income tax paid by or on behalf of an individual for a year of assessment;
(3) a penalty for late payment of tax2; and
(4) a penalty incurred by an individual3,
must be increased by an amount (a 'repayment supplement') equal to interest on the amount repaid at the prescribed rate
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