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DMBM400000 | Interest: contents

From HM Revenue & Customs · Debt Management and Banking Manual

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Interest is charged to provide a measure of fairness between those customers who pay on time and those, who for whatever reason, pay late. Also interest is used to compensate the Exchequer for the loss of the use of the funds.

The legislation covering the charging of interest has been introduced over a long period of time and covers many charges and duty types. The rules for calculating interest often differ across the range of charges, duties and the various customer groups; for example employers, self employed and companies.

Contents9 entries

  1. DMBM400010Interest: tables of interest
  2. DMBM401000Interest: interest on late payments: contents
  3. DMBM402010Interest: Charging interest - by IT system: Charging interest in SAFE: Contents and overview in SAFE
  4. DMBM403010Interest: Interest on reallocations and repayments - by IT system: SAFE: Contents
  5. DMBM404000Interest: handling interest objections and enquiries: contents
  6. DMBM405000Interest: Interest Review Unit (IRU): Contents
  7. DMBM405200Interest: Interest Review Unit (IRU): Income Tax Self Assessment (ITSA): contents
  8. DMBM405600Interest: Interest Review Unit (IRU): Corporation Tax (CT): Contents
  9. DMBM405900Interest: Interest Review Unit (IRU): PAYE and National Insurance Contributions: Contents