DMBM400000 - Interest: contents
The majority of this manual will be archived on 1 July 2024. If there is content within this manual you use regularly, email hmrcmanualsteam@hmrc.gov.uk to let us know.
Interest is charged to provide a measure of fairness between those customers who pay on time and those, who for whatever reason, pay late. Also interest is used to compensate the Exchequer for the loss of the use of the funds.
The legislation covering the charging of interest has been introduced over a long period of time and covers many charges and duty types. The rules for calculating interest often differ across the range of charges, duties and the various customer groups; for example employers, self employed and companies.
-
DMBM400010Tables of interest: contents
-
DMBM401000Interest on late payments: contents
-
DMBM402010Charging interest in SAFE: contents
-
DMBM403010Interest on reallocations and repayments in SAFE: contents
-
DMBM404000Handling interest objections and enquiries: contents
-
DMBM405000Interest Review Unit (IRU): contents