COM122074 - Repayments / reallocations: non automatic reallocations: surrender outside S963 CTA 210 (Action Guide)

To reallocate a repayment to another company when S963 CTA 2010 does not apply, consider steps 1 - 10 below.

1. Use Function MAPS (Maintain AP Signals) for the surrendering company and select ‘Reallocations & Repayments’ from the drop down menu for the Inhibitions field against the AP for which the overpayment will arise.

2. Create the overpayment on the surrendering company.

3. Use Function VPPD (View Payment and Posting Details) on the surrendering company to confirm the amount of the overpayment available for reallocation.

4. Use Function VPPD on the recipient company to check the amount of the unpaid liability.

5. Use Function REOD (Direct Reallocation Out Of COTAX) and choose the option ‘Reallocate a specific amount’ to put the overpayment into OAS.

Note: Under no circumstances should Technical Caseworkers use the ` Make a Group tax refund surrender’ or ‘Make a QIP Regulation 9 Surrender’ option in Function REWD (Direct Reallocation Within COTAX) to handle these cases. Only use that facility for genuine Section 963 surrenders.

6. Make the reallocation.

Notes:

• Do not reallocate more than the amount of the unpaid liability.
• COTAX cannot calculate RPI when you use this function, as it cannot know when the effective date of the reallocation will be.

7. Confirm the reallocation and make a note of the OAS reference number.

8. Use Function MAPS and select ‘None’ from the drop down menu for the Inhibitions field.

9. On the same day complete the Intelligent Payment Processing (IPP) single form.

• Please ensure you enter the EDP for the payment in the COTAX notes, the IPP does not current have the facility to enter the EDP on amounts. This will ensure the correct Repayment Interest is posted to the customer account.