DMBM520135 - Debt and return pursuit: PAYE: introduction to PAYE: interest: clerical calculation
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To calculate and charge interest clerically
- use BROCS transaction INT Formats 1 and 3.
To do this
- access Format 1 from Prime Format or Next? and complete as follows
- Function code INT
- taxpayer reference
- ASN
- Format Identity Code VP in the DETAILS field.
Format 1 displays all payment and tax/NIC charge postings
- call up Format 3 by entering Y in the CALCULATE INT? field
- use Format 3 to
- view the calculation
- raise the charge, as appropriate.
Creating ‘nil’ interest charges
To create a NIL interest charge on an employer's record, for example where an exempt employer is given the wrong section code, use Formats 2 and 3 of BROCS transaction INT.