VSIM7100 - Processes and procedures: the statutory interest calculator
You will need to calculate how much statutory interest (SI) to pay, see VSIM4100, once you have,
- decided that the overpayment (or delay) was due to an official error
- determined the appropriate applicable period, and
- the amount on which to pay statutory interest.
(This content has been withheld because of exemptions in the Freedom of Information Act 2000)
on the Central Policy intranet pages in the A-Z under S.A copy of the calculator should be down loaded for completion.
The dates to be inserted on the calculator will depend on the relevant applicable period see VSIM6100.
Note: The calculator is for internal use only so must not be sent to taxpayers or their representatives.