IHTM29091 - Interest yield: cases where the only adjustments are adjustments to yield

If the tax is not being paid by instalments and the only adjustments on the COMPASS calculation are yield adjustments, this is straightforward. You can take the figure for total interest charged or repaid from the calculation as the interest yield and record this.

Example 1

All the tax due on the NIOP and IOP property was paid on delivery of the account.  

The DV reports an increase in the value of the house of £22,000. We raise an assessment to cover this increase.

The intervention yield is £8,800 and the total interest charged on the assessment is £115.41.

The interest yield in this case is £115.41.