The amount of yield and interest yield are likely to mirror
the additional amounts paid, but should not exceed the actual
amount of tax and interest paid on the case.
Where tax is ‘saved’ as a result of you denying
or limiting an exemption or relief that is claimed after the
initial delivery of the account you should claim the tax saved on
the amount of the exemption or relief you have denied, as yield.
The amount of yield might exceed the additional tax paid in this
case, although it should not exceed the total amount of tax paid on
the estate. Any interest that would have been repaid on the tax
saved should be recorded as an adjustment to interest yield.
Decreases that are volunteered by the customer will not
normally be adjustments to yield but will reduce the amount of tax
payable. You should take this into account when you compare your
yield calculations to the total adjustment in the tax payable.
