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HMRC internal manual

COTAX Manual

From
HM Revenue & Customs
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Accounting periods: company accounting periods: superseded AP - payment received

If a payment of tax has been posted to the record of a newly superseded AP, COTAX automatically transfers the postings from the superseded AP record to the linked new AP you have created.

If you do not create any new APs when you supersede an AP containing a payment, COTAX warns you that it has ‘stranded payments’ that it cannot automatically repay or reallocate.

You must use function REWD (Direct Reallocation Within COTAX) to reallocate the payments or DIRR (Direct Repayment) to repay them.

Cases subsequently appear on LOPU (Overpayments Review List) in the CT Unit Cumbernauld if no action is taken in the CT responsible office to deal with the payments.

See COM1021 for a list of functions to use in particular situations.