TC86420
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EIM75020 - amortisation of pension arrears - does HMRC charge interest?
EIM75020 - I have received a large payment of pension arrears relating to the previous 5 years. I want to amortise the payments to get a tax refund for this year. But will HMRC charge interest on the underpaid tax for the previous years from the date that year's tax was due? This could be more than the tax refund.