VDIM7080 | When to inhibit, amend or withdraw interest: Postal delays

This guidance deals with interest matters in respect of prescribed accounting periods starting on or before 31 December 2022. Interest matters with effect from 01 January 2023 are dealt with under Finance Act 2009.

Please see Compliance Handbook page CH140000 onwards to find the new interest rules guidance.

Where a taxpayer can prove beyond reasonable doubt that payment of interest bearing tax was posted to the Department in sufficient time to be received within the 30-day period so as to avoid further interest, an adjustment to the interest bearing tax may need to be made using the VAT 663 procedures, see VDIM6000.