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HMRC internal manual

Debt Management and Banking Manual

Debt and return pursuit: PAYE: introduction to PAYE: interest: clerical calculation

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.