IHTM31570 - Assessment calculations: remissions and discharges

As a rule, remissions or discharges ( IHTM30451) of assessed tax and/or interest must be reflected in a raised assessment as a payment using the deposit facility.

Raise a fresh assessment. For a partial or full remission, click on the "Money" ( IHTM31190) button and add a new deposit.

• In the deposit box enter "REMITTED"
• In the date received box enter today's date.
• In the amount box enter the amount to be remitted.

After clicking on the "OK" button your calculation will show "nil" to pay or the balance to be collected after remission.

For cases that are not being assessed on COMPASS, you must prepare a template ( IHTM31301) or manuscript calculation showing the amount to be remitted in the "Money applied from deposit" section of the calculation form in the same form as above.

(This text has been withheld because of exemptions in the Freedom of Information Act 2000)

Discharges

If the discharge relates to tax lost in error or a decision not to re-open a claim to tax, do not raise an assessment.