COM82020 - Interest: interest objections and amendments: receipt of an interest objection

When you receive an interest objection in your office it is important to

• Stop collection of the liability

• Tell the company that you have received the correspondence

The nature of the objection and the state of the company’s record determines which office or section will deal with the matter.

The Interest Review Unit (Word 29KB) (IRU) deals with the following types of COTAX interest objection

• Revenue delay of 6 months or more is alleged
• Crown exemption is claimed
• Any other objection to a correct interest charge continues to be pressed and enforcement could be seen as unjust or oppressive, even though no hardship is involved

Banking Operations deals with an objection where

• The interest objection relates to a Quarterly Instalment Payment (Word 42KB) case
• The interest objection is associated with

• ACT, DTR (Double Taxation Relief) or losses carried back

• Relief under S458 CTA 2010 (Word 29KB)(formerly S419(4) ICTA 1988)

• The following three conditions all apply

• The AP Pursuit Status is not working locally
• The AP was not previously LA-ENF (Word 27KB) or PLA (Word 28KB) 
• None of the circumstances relating to Interest Review Unit cases apply

Notes:

Debt Management Offices deal with objections for any other situation.

For a list of forms relevant to this subject, see COM82021.

For a list of functions to use in particular situations, see COM82022.