Statement of Practice 6 (1995)
Published 31 March 1995
© Crown copyright 1995
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Where an assessment has been made and this shows a repayment due to the taxpayer, repayment is invariably made of the full amount. In self-assessment where any amount is repayable it will be repaid in full on request. Where the end of the year check applied to Schedule E taxpayers who have not had a tax return for the year in question shows an overpayment of £10 or less, the repayment is not made automatically.
As regards payment of tax assessed, where a payment to the Accounts Offices exceeds the amount due and the discrepancy is not noted before the payment has been processed, the excess is not repaid routinely by the computer system unless it exceeds £0.99, or where clerical intervention is required, unless it exceeds £9.99.
For Inheritance Tax (and Capital Transfer Tax), assessments that lead to repayments of sums overpaid are not initiated automatically by the Capital Taxes Offices if the amount involved is £25 or less.
The aim of these tolerances is to minimise work, which is highly cost-effective. They cannot operate to deny repayment to a taxpayer who claims it.
Note: this statement replaces Statement of Practice 1 (1980).