COM125094 - Repayments / reallocations: non automatic repayments: repayment interest (Action Guide)

1.

Determine the CT Pay and File material dates (Word 56KB) / CTSA material dates (Word 61KB) 

2.

Determine the date on which the repayment will be issued

3.

Use Function RINT (Repayment Interest Calculation) to make the calculation using the following details

• The day after the material date

• Date on which repayment will be issued

• The amount of the repayment

4.

Add the repayment interest to the repayment that you make or use Function DSET (District Set-Off) - code 50881 - to enter the amount of repayment interest on to a COTAX record