You can access a copy of this form in the "Penalties" folder
on the IHT Knowledge Tree.
The form is in Excel spreadsheet format and calculations are
performed automatically when you enter figures in the appropriate
boxes. The form is protected in the Penalties folder as read only.
You will need to save the sheet to your Z drive and remove the
protection through the "Tools" menu to enable you to use the form.
You will note that certain default figures are entered on the
sheet, you should click in the cell and overtype with the correct
figures. All the calculations, apart from the calculation of the
culpable tax will then be done for you.
When you have completed the form on screen, you should print
a copy, initial the "proposed" box and enter the date in the box to
the right. You should then pass the form, a brief summary of the
essentials and the file to your SO manager for approval.
You should record details of the abatements you have allowed
on COMPASS. To do so, select the relevant penalty record, click on
the "calculator" button and enter the amounts allowed for the three
named categories. Use the unnamed box for any other adjustment you
allowed, perhaps to reflect proportionality, in arriving at the
penalty. The result does not have to match exactly the penalty that
was charged. Click on OK to save the data.
