Where Revenue Calculation is requested and the return is
received before 31 October but not processed until
after 31 December of the year following the return
year, the balancing payment due date is 30 days after the issue of
the statement to the trustee notifying the amount due. The first
payment on account is also due 30 days after the trustee is
notified on the statement.
In these cases the balancing payment due date will have been
automatically set as the 31 January as the return was not issued
late, and the payments on account due dates will be set as 31
January and 31 July.
The balancing payment due date and first payment on account
due date need amending to 30 days from the date of issue of the
statement. (Exceptionally where the return is processed very late
the due date of the second payment on account may also need
amending where it is after 31 July.)
The due dates of a balancing payment or payment(s) on
account cannot be amended until the liability has been calculated
and the SA record updated with the charge. For this reason from
31 December following the end of the return year
all Revenue Calculation cases received before 31 October but not
processed until after 31 December must be reviewed by the Review
Interest Network Officer
following receipt of the output from TSS.
The Review Interest Network Officer reviews each case and
uses function AMEND RELEVANT DATES where necessary to amend the
balancing payment or payment(s) on account due dates.
For more detailed information see section
‘Interest’ in business area ‘Interest, Penalties
and Surcharges’.
