Returns and accounting procedures: Credits on traders' accounts
Credits on trader’s accounts
If there is an APD credit on a trader’s account, take the following action:
|the trader is deregistered||All repayment returns and credit ledger balances will be referred to the local office by CCU.|
|The CAT should confirm whether the repayment can be made and should notify CCU of the action to take within 10 working days.|
|the trader is continuing to trade||* Credit under £50|
Repayment will be made by CCU without referral to the CAT. If CCU is aware that a debt is due to go on file they will not make the repayment.
- Credit greater than £50 (reason known)
Where a reason for the credit is known to CCU the amount will be repaid without referral to the CAT.
- Credit greater than £50 (reason not known)
|Where a reason is not known as to why the credit is on file CCU will refer the matter to the local office.|
|case referred to the CAT||The CAT should respond to CCU within 7 working days with details of the action to be taken. If the credit is to be repaid the request should:|
- state the exact amount;
- state the reason for the credit; and
- be authorised within limits of APD12000.
|If the credit is to be held on file or an accounting adjustment is to be made the CAT should provide CCU with a full explanation within 7 working days.|