COM120004 - Repayments/reallocations; Overpayments: Multiple Returns

Multiple Returns  

If a return is captured that has the ‘Are you filling more than one return for this company now?’ box checked, COTAX will 

  • Set the ‘Multiple Returns’ signal on the company.  This will inhibit all reallocations and repayments for all APs and can be viewed in function MRSC (Maintain Repayment / Reallocation Signals (Company) 

  • Make an entry in Work List ORUR (Overpayments Requiring Urgent Review) if there is an overpayment, with the Reason for Entry as ‘Multiple Returns’ 

This is to prevent any overpayment being repaid automatically when a Self Assessment is recorded for an overpaid AP, before a Self Assessment is recorded for an underpaid Accounting Period (AP)

Notes: 

  1. You can view the signal in Function MRSC (Maintain Repayment/Reallocation Signals (Company) 

  1. COTAX will unset the ‘Multiple Returns’ inhibition automatically after 14 days 

  1. The 14 days inhibition remains in force even if part of the overpayment is repaid or reallocated within the 14 days