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DMBM402010 | Interest: Charging interest - by IT system: Charging interest in SAFE: Contents and overview in SAFE

From HM Revenue & Customs · Debt Management and Banking Manual

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The legislation and business rules for charging interest on tax and duty types in SAFEare unchanged as a result of the introduction of SAFE. However as SAFE is based on acommercial package tailored to meet HMRC’s requirements, the processes for thecalculation and charging of interest are different to those relating to other Head of Dutysystems.

The following paragraphs explain what these processes are.

Contents8 entries

  1. DMBM402020Interest: Charging interest - by IT system: Charging interest in SAFE: Automatic calculation and raising of an interest charge
  2. DMBM402030Interest: Charging interest - by IT system: Charging interest in SAFE: Automatic calculation and amendment of an interest charge
  3. DMBM402040Interest: Charging interest - by IT system: Charging interest in SAFE: Create interest charge following manual calculation
  4. DMBM402050Interest: Charging interest - by IT system: Charging interest in SAFE: Amend interest charge following manual calculation
  5. DMBM402060Interest: Charging interest - by IT system: Charging interest in SAFE: Clerical interest signals
  6. DMBM402070Interest: Charging interest - by IT system: Charging interest in SAFE: Clerical interest worklist
  7. DMBM402080Interest: Charging interest - by IT system: Charging interest in SAFE: Auto clearing process
  8. DMBM402090Interest: Charging interest - by IT system: Charging interest in SAFE: Amendments to Effective Date of Payment (EDP)