COM80230 - how interest is calculated: common period rules - reallocating from tax to penalty or interest (Action Guide)
To understand the common period rules when reallocating from tax to penalty or interest whether or not the receiving AP is a QIP case, follow steps 1 to 6.
| 1. | Is the EDP of the payment later than today바카라 사이트™s date? |
| Ìý | Ìý |
| Ìý | * If yes, go to step 2. |
| Ìý | * If no, go to step 3. |
| 2. | The EDP of the RTO posting is set to the EDP of the payment. |
| 3. | Is the normal due date of the AP from which you are reallocating later than today바카라 사이트™s date? |
| Ìý | * If yes, go to step 2. |
| Ìý | * If no, go to step 4. |
| 4. | The EDP of the posting is set to today바카라 사이트™s date. Is the normal due date of the AP from which you are reallocating later than the EDP of the payment? |
| Ìý | * If yes, go to step 5. |
| Ìý | * If no, go to step 6. |
| 5. | Repayment interest is due on the AP from which you are reallocating for the period from the normal due date +1 to today바카라 사이트™s date. |
| 6. | Repayment interest is due on the AP from which you are reallocating for the period from the payment바카라 사이트™s EDP +1 to today바카라 사이트™s date. |