VDIM7140 | When to inhibit, amend or withdraw interest: When interest is not appropriate

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.

If a taxpayer’s deregistration date is amended, this could leave an assessment on file which covers a period when the taxpayer was not registered.

If this happens the assessment should be reduced or withdrawn as appropriate. This will result in an automatic reduction or withdrawal of any interest charged.