COM120003 - Repayments/reallocation: Overpayments: Certain Conditions

Certain Conditions 

 

COTAX handles an overpayment automatically when the following conditions exist on the overpaid Accounting Period (AP): 

  • a self assessment has been recorded 

  • there is no open appeal on the AP 

  • the charge is not a Revenue Determination 

  • the AP has not been cleared NDR (No Determination Necessary) 

  • there is no informal standover in effect 

  • the EiP (Enquiry in Progress) signal is not set 

  • the QIP (Quarterly Instalment Payment) signal is ‘N’ 

  • the CDII (Credit/Debit Inhibit Indicator) signal is not set 

  • the company is not filing more than one return 

  • the GPP (Group Payment Period) status is cleared if a Participating AP within a GPP 

  • the Participator AP is linked to a GPP 

  • the insolvency signal is ‘S’ 

  • the pursuit status is not LA-ENF or RFI 

  • no manual remission present 

  • no informal discharge present 

  • no class 10 remission 

  • no auto repayments / reallocations inhibited (this 14 working day clearance time is not applicable if the payment is made by Bacs or CHAPS) 

  • no Inhibit Reall / Rept set by COTAX regarding a Section 102/Regulation 9 surrender 

  • Clerical interest indicator set to ‘N’ 

  • there is no potential late filing penalty due 

  • the Cancelled repayment inhibit signal is not set 

  • the Inhibit Small Repayment signal is not set, or the repayment is greater than the Small Repayment limit 

  • the repayment is more than an amount specified by the company up to which they do not want repayments