IHTM31570 - Assessing: calculating interest: remissions and discharges

As a rule, remissions or discharges (IHTM30451) of assessed tax and/or interest must be reflected in a raised calculation as a payment as if they were a deposit.

Raise a fresh calculation. For a partial or full remission, select the 바카라 사이트˜money바카라 사이트™ button (IHTM31190) and add a new deposit.

  • In the deposit box enter 바카라 사이트˜REMITTED바카라 사이트™
  • In the date received box enter today바카라 사이트™s date.
  • In the amount box enter the amount to be remitted.

Select 바카라 사이트˜OK바카라 사이트™. Your calculation will either show 바카라 사이트˜nil바카라 사이트™ to pay or the balance to be collected after remission.

If the calculations cannot be prepared on COMPASS, you must prepare a template (IHTM31301) or manuscript calculation showing the amount to be remitted in the 바카라 사이트˜Money applied from deposit바카라 사이트™ section of the calculation form.

Discharges

If the discharge relates to tax lost in error or a decision not to re-open a claim to tax, do not raise a calculation.