- Where the refund application is approved, refunds of the approved amount shall be paid by the MSR at the latest within 10 working days of the expiry of the deadline for notifying the decision or, where additional or further additional information has been requested, the deadlines referred to when additional or further information is required.
- The refund shall be paid in the MSR or, at the applicant’s request, in any other Member State. In the latter case, any bank charges for the transfer shall be deducted by the MSR from the amount to be paid to the applicant.
Interest shall be due to the applicant by the MSR on the amount of the refund to be paid if the refund is paid after the last date of payment, unless the applicant does not submit the additional or further additional information requested to the MSR within the specified time limit of 1 month, or the MSR has not yet received the documents to be submitted electronically during the procedure of application to the refund.
Interest shall be calculated from the day following the last day for payment of the refund until the day the refund is actually paid.
Interest rates shall be equal to the interest rate applicable with respect to refunds of VAT to taxable persons established in the MSR under the national law of that Member State.
If no interest is payable under national law in respect of refunds to established taxable persons, the interest payable shall be equal to the interest or equivalent charge which is applied by the MSR in respect of late payments of VAT by taxable persons.