A company which began trading on 1 April 2021 has the following results for its first three

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A company which began trading on 1 April 2021 has the following results for its first three accounting periods:

A trading loss of £325,000 was incurred in the year to 30 September 2023 and all possible claims were made to set this trading loss against the company's total profits. All corporation tax was originally paid on the due dates and the necessary repayment of corporation tax is made to the company on 1 August 2024.

Calculate the amount of the repayment and the amount of interest which will accompany this repayment, assuming an interest rate of 3.25% per annum.

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