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HMRC internal manual

ATA/CPD Carnets Manual

From
HM Revenue & Customs
Updated
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Compensatory interest: interest charges on customs debts

With effect from 1 April 2000, statutory interest became payable on all customs duty debts not paid in full by the due date. Interest also became due on sums outstanding from C18s issued prior to that date.

Statutory interest is not payable on compensatory interest nor is compensatory interest due on statutory interest.

(This content has been withheld because of exemptions in the Freedom of Information Act 2000) Debt, Management & Banking intranet site(This content has been withheld because of exemptions in the Freedom of Information Act 2000)