Back to contents

Updates: VAT Statutory Interest Manual

2024

2 August 2024 published amendments

Processes and procedures: the statutory interest calculator

SI calculator updated

12 June 2024 published amendments

Processes and procedures: the statutory interest calculator

First paragraph amended

2023

23 January 2023 published amendments

Introduction: contents

First paragraph amended

Introduction: what is statutory interest

First paragraph amended

Introduction: who is this guidance for

First paragraph amended

Introduction: where to go for advice

First paragraph amended

The law and legal powers: in what circumstances is statutory interest due

First paragraph amended

The law and legal powers: Examples of when statutory interest is due

First paragraph amended

The law and legal powers: how is statutory interest claimed

First paragraph amended

Official error case law: introduction

First paragraph amended

Official error case law: delayed payment of a repayment claim was not official error

First paragraph amended

Official error case law: mistaken acceptance of tax which was not official error

First paragraph amended

Official error case law: failure to give advice was not official error

First paragraph amended

Amount on which statutory interest is calculated: contents

First paragraph amended

What interest rate is payable: contents

First paragraph amended

Amount on which statutory interest is calculated: introduction

First paragraph amended

Amount on which statutory interest is calculated: examples

First paragraph amended

Amount on which statutory interest is calculated: no liability to pay statutory interest on the late payment of SI

First paragraph amended

Amount on which statutory interest is calculated: No liability to pay statutory interest on incorrectly imposed penalties or interest

First paragraph amended

Amount on which statutory interest is calculated: no liability to pay statutory interest where a repayment supplement is paid

First paragraph amended

Amount on which statutory interest is calculated: interaction of statutory interest law and set off law

First paragraph amended

What interest rate is payable: how the interest rate is determined

First paragraph amended

What interest rate is payable: simple versus compound interest

First paragraph amended

For what period is statutory interest due: contents

First paragraph amended

For what period is statutory interest due: the law

First paragraph amended

For what period is statutory interest due: extent of HMRC's liability

First paragraph amended

For what period is statutory interest due: unreasonable delay

First paragraph amended

For what period is statutory interest due: failure to provide information

First paragraph amended

For what period is statutory interest due: repayment claim contains something not entitled to

First paragraph amended

Processes and procedures: contents

First paragraph amended

Processes and procedures: the statutory interest calculator

First paragraph amended

Processes and procedures: notifying the taxpayer of the statutory interest decision

First paragraph amended

Processes and procedures: Payment on Account taxpayers

First paragraph amended

Processes and procedures: insolvency and set-off

First paragraph amended

Processes and procedures: interest following HMRC loss at tribunal

First paragraph amended

Processes and procedure: recovery assessments

First paragraph amended

Processes and procedures: affect on officers assessments liable to default interest

First paragraph amended

2022

19 December 2022 published amendments

Introduction: contents

New text added

Introduction: what is statutory interest

Two new paragraphs added at the top of the page

Introduction: who is this guidance for

Two new paragraphs added at the top of the page

Introduction: where to go for advice

Two new paragraphs added at the top of the page

The law and legal powers: in what circumstances is statutory interest due

Two new paragraphs added at the top of the page

The law and legal powers: Examples of when statutory interest is due

Two new paragraphs added at the top of the page

The law and legal powers: how is statutory interest claimed

Two new paragraphs added at the top of the page

Official error case law: introduction

Two new paragraphs added at the top of the page

Official error case law: delayed payment of a repayment claim was not official error

Two new paragraphs added at the top of the page

Official error case law: mistaken acceptance of tax which was not official error

Two new paragraphs added at the top of the page

Official error case law: failure to give advice was not official error

Two new paragraphs added at the top of the page

Amount on which statutory interest is calculated: contents

Text added to the page

Amount on which statutory interest is calculated: introduction

Two new paragraphs added at the top of the page

Amount on which statutory interest is calculated: examples

Two new paragraphs added at the top of the page

Amount on which statutory interest is calculated: no liability to pay statutory interest on the late payment of SI

Two new paragraphs added at the top of the page

Amount on which statutory interest is calculated: No liability to pay statutory interest on incorrectly imposed penalties or interest

Two new paragraphs added at the top of the page

Amount on which statutory interest is calculated: no liability to pay statutory interest where a repayment supplement is paid

Two new paragraphs added at the top of the page

Amount on which statutory interest is calculated: interaction of statutory interest law and set off law

Two new paragraphs added at the top of the page

What interest rate is payable: contents

New text added to the page

What interest rate is payable: how the interest rate is determined

Two new paragraphs added at the top of the page

What interest rate is payable: simple versus compound interest

Two new paragraphs added at the top of the page

For what period is statutory interest due: contents

New text added to the page

For what period is statutory interest due: the law

Two new paragraphs added to the top of the page

For what period is statutory interest due: extent of HMRC's liability

Two new paragraphs added to the top of the page

For what period is statutory interest due: unreasonable delay

Two new paragraphs added to the top of the page

For what period is statutory interest due: failure to provide information

Two new paragraphs added to the top of the page

For what period is statutory interest due: repayment claim contains something not entitled to

Two new paragraphs added at the top of the page

Processes and procedures: contents

New text added to the page

Processes and procedures: the statutory interest calculator

Two new paragraphs added to the top of the page

Processes and procedures: notifying the taxpayer of the statutory interest decision

Two new paragraphs added to the top of the page

Processes and procedures: Payment on Account taxpayers

Two new paragraphs added to the top of the page

Processes and procedures: insolvency and set-off

Two new paragraphs added to the top of the page

Processes and procedures: interest following HMRC loss at tribunal

Two new paragraphs added to the top of the page

Processes and procedure: recovery assessments

Two new paragraphs added to the top of the page

Processes and procedures: affect on officers assessments liable to default interest

Two new paragraphs added at the top of the page

9 March 2022 published amendments

VAT Statutory Interest Manual: recent changes

Page archived – Old legacy update page no longer required

VAT Statutory Interest Manual: recent changes

Page archived – Old legacy update page no longer required

VAT Statutory Interest Manual: recent changes

Page archived – Old legacy update page no longer required

2020