{"Term":"Use of money interest (UOMI)","Definition":"\u003cp\u003eUse of money interest (UOMI) is not a penalty. It\u0027s an amount charged or credited to pay for \"use of money\" in the same way banks charge or credit interest.\n\u003c/p\u003e\n\u003cp\u003eThe use of money interest rules are designed to encourage people to pay the right amount of tax at the right time, compensate people who pay too much tax and compensate the Government if people pay too little tax.\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}