Updates - VAT Default Interest Manual - HMRC internal manual

2023

23 January 2023 published amendments

Reviews and appeals: interest following HMRC's success at tribunal

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Reviews and appeals: Use of the VAT647 to lift the appeals indicator.

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Reviews and appeals: Reasons why a taxpayer might appeal

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Review and appeals: Suspending interest under appeal

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Review and appeals procedures

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Reviews and appeals: What in law may be appealed

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Management information prints: D1688 Notification of officers assessments issued

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Management information prints: D1686 Change of interest notification

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Management information prints: Note for managers

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Notices: Notice of further interest - use of VAT659

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Notices: Notices of further interest - use of VAT658

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Notices: Notifying the taxpayer

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Circumstances affecting default interest: Long first period returns

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Circumstances affecting default interest: Bulk period assessments

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Circumstances affecting default interest: Pre-repayment credibility queries

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Circumstances affecting default interest: Withdrawing or reducing interest

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Circumstances affecting default interest: Manual calculation of interest

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Circumstances affecting default interest: Redundant registrations

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Circumstances affecting default interest: Informal insolvency

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Circumstances affecting default interest: Insolvency

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Circumstances affecting default interest: Deregistration

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Circumstances affecting default interest: Transfer of a going concern

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Circumstances affecting default interest: contents

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How to inhibit, amend or withdraw interest: Amending interest after an assessment has been processed

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How to inhibit, amend or withdraw interest: Setting an inhibit after an assessment is processed

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How to inhibit, amend or withdraw interest: Inhibiting or withdrawing interest on an assessment

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How to inhibit, amend or withdraw interest, Amending interest following misappropriation of a remittance

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How to inhibit, amend or withdraw interest: Introduction

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How to inhibit, amend or withdraw interest: contents

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

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When to inhibit, amend or withdraw interest: VAT assessments involving suspected fraud

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When to inhibit, amend or withdraw interest: Bulk assessments

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When to inhibit, amend or withdraw interest: The two year time limit

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When to inhibit, amend or withdraw interest: Departmental delay

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When to inhibit, amend or withdraw interest: VAT returns provided at visit

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When to inhibit, amend or withdraw interest: Postal delays

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When to inhibit, amend or withdraw interest: Actual issue date is after issue date on VISION

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When to inhibit, amend or withdraw interest: Complicated retrospective agreements

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When to inhibit, amend or withdraw interest: Misappropriation of remittances

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When to inhibit, amend or withdraw interest: Computer distortions

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When to inhibit, amend or withdraw interest: Appeals

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When to inhibit, amend or withdraw interest: Commercial restitution

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When to inhibit, amend or withdraw interest: discretion to inhibit interest

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When to inhibit, amend or withdraw interest: content

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Interest adjustment: VISION option to calculate interest

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Interest adjustment: After input of Form VAT663

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Interest adjustment: Processing Form VAT663

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Interest adjustments: Countersigning Form VAT663

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Interest adjustments: Completion of Form VAT663

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Interest adjustments: When to use Form VAT663

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Interest adjustments: Functions of Form VAT663

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Interest adjustments: contents

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Calculation of interest: Overview of interest procedures

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Calculation of interest: Interest bearing tax payments

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Calculation of interest: Interest calculation record codes

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Calculation of interest: How to access and read an Interest Calculation Record (ICR)

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Calculation of interest: Interest Calculation Record

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Calculation of interest: De minimis limit

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Calculation of interest: Further interest

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Calculation of interest: The interest calculation formula

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Calculation of interest: The issue date

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Calculation of interest: Setting the calculation date

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Calculation of interest: The end date

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Calculation of interest: The reckonable date

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Calculation of interest: The interest span

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Calculation of interest: Rates of interest

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Calculation of interest: contents

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Calculating liability: Recovery assessments

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Calculating liability: Over declarations

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Calculating liability: Amount liable to interest

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Calculating Liability: Confirming the liability

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Commercial restitution: Differences in stagger or return length between taxpayers

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Commercial restitution: Assessments in respect of exports and removals to other EU countries

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Commercial restitution: Assessments which represent commercial restitution in part

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Commercial restitution: Whether to charge interest or not

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Commercial restitution: General principles

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The law and legal powers: The 2 year time limit to assess further interest

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The law and legal powers: Time limits for assessing interest

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The law and legal powers: Discretion to assess interest or not

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The law and legal powers: 3 year limit of interest

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The law and legal powers: Reckonable dates

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The law and legal powers: Establishing liability to interest

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The law and legal powers: The law supporting default interest

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Introduction: Where to go for advice

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Introduction: What is default interest

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Introduction: Who is this guidance for

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Introduction: contents

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