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VDIM5120 - CALCULATION OF INTEREST: INTEREST CALCULATION RECORD CODES This guidance deals with interest matters in respect of prescribed accounting periods starting on or before 31 December
2022. Interest matters with effect from 01 January 2023 are dealt with under Finance Act 2009. Please see Compliance Handbook page CH140000 onwards to find the new interest rules guidance.
CODE MEANING A Prime assessment or payment return for the period in which the assessment was raised B Repayment return for the period in which the officer’s assessment was raised C
Calculation point for interest on the original assessment D Calculation point for further interest E Amendment F Remittance appropriated against interest bearing tax G HQ interest adjustment
start H HQ interest adjustment end I Write-off VAT708 J Unpaid cheque K Change in interest rate M Transfer out N Pre 1 April 1990 tax over declared on an officer’s assessment O Remittance
reassignment out P Remittance reassignment in Q Return replacing prime plus additional assessment R Repayments appropriation S Insolvency reinstatement of write off W Accounting adjustment
for leap year X Interest inhibit set after appeal Y Insolvency Z Deregistration Previous page Next page Print this page