The legislation and business rules for charging interest on tax
and duty types in SAFE are unchanged as a result of the
introduction of SAFE. However as SAFE is based on a commercial
package tailored to meet HMRC’s requirements, the processes
for the calculation and charging of interest are different to those
relating to other Head of Duty systems.
The following paragraphs explain what these processes are.
|DMBM402020||Automatic calculation and raising of an interest charge|
|DMBM402030||Automatic calculation and amendment of an interest charge|
|DMBM402040||Create interest charge following manual calculation|
|DMBM402050||Amend interest charge following manual calculation|
|DMBM402060||Clerical interest signals|
|DMBM402070||Clerical interest worklist|
|DMBM402080||Auto clearing process|
|DMBM402090||Amendments to Effective Date of Payment (EDP)|