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Contents

Official guidance
COTAX Manual

COM125000 · Repayments/reallocations: non automatic repayments

  • COM125001 · Introduction
  • COM125010 · Intervention in automatic repayments
  • COM125012 · Intervention in automatic repayments (Action Guide)
  • COM125020 · Manual repayment - outside COTAX - responsible office
  • COM125022 · Manual repayment: outside COTAX - responsible office (Action Guide)
  • COM125030 · Direct repayment - responsible office
  • COM125033 · Direct repayment - responsible office (Action Guide)
  • COM125040 · Direct repayment - HMRC Payments
  • COM125042 · Direct repayment - HMRC Payments (Action Guide)
  • COM125060 · Early repayment, responsible office
  • COM125064 · Early repayment, responsible office (Action Guide)
  • COM125070 · Early repayment , Corporate Finance
  • COM125073 · Early repayment - Corporate Finance (Action Guide)
  • COM125080 · Repayment request in Debt Management Office
  • COM125090 · Repayments/reallocations: non automatic repayments, repayment interest
  • COM125091 · Forms: repayment interest
  • COM125092 · Functions: repayment interest
  • COM125094 · Repayments/reallocations: non automatic repayments, repayment interest (Action Guide)
  • COM125100 · Repayment of income tax, responsible office
  • COM125110 · Repayment of CIS25 tax, responsible office
  • COM125120 · Payments of tax credits, responsible office
  1. Repayments/reallocations: non automatic repayments: contents
  2. Repayments/reallocations: non automatic repayments, repayment interest (Action Guide)

COM125094 | Repayments/reallocations: non automatic repayments, repayment interest (Action Guide)

From HM Revenue & Customs · COTAX Manual

To calculate repayment interest manually, consider steps 1 - 4 below.

Table shown as recovered text

1. Determine the CTSA material date (see COM128043) 2. Determine the date on which the repayment will be issued. 3. Use function RINT (Repayment Interest Calculation) to make the calculation by entering: the day after the material date the date on which repayment will be issued the amount of the repayment 4. Add the repayment interest to the repayment that you make or use function DSET (District Set-Off) code 50881 to enter the amount of repayment interest on to the COTAX record.

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