Interest breakdown

This gives details of any interest for the specified Accounting Period. Interest transactions are summarised into late payment interest, repayment interest, credit interest and debit interest. A single total figure is displayed for each interest type for an Accounting Period, but the figure may be a total of one or more individual entries for the interest type. The HM Revenue & Customs (HMRC) Corporation Tax system normally only calculates interest once the tax for an Accounting Period has been paid.

Where possible the interest breakdown includes an estimate of interest due up to the 'Information as at date'. This is indicated by the words 'still accruing'. If the interest total shows as negative, it is a credit to the company. In some complicated cases the HMRC Corporation Tax system has been instructed not to calculate interest for the company. Where this has happened, the words Clerical Calculation are shown in the Interest Breakdown title.