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HMRC internal manual

Debt Management and Banking Manual

Payment Processing: Certificates of Tax Deposit (CTD): Receipt of an application for a CTD

Deposits will normally be made direct to the CTD team in DMB Banking , Cumbernauld or to DMB Banking, Shipley. However, if you receive an application for a CTD, take the following action on the day of receipt.

Amount paid less than £500

Check with Cumbernauld Banking (This content has been withheld because of exemptions in the Freedom of Information Act 2000) whether a deposit is already held. If:

  • a deposit is held, follow the procedure below for payments of £500 or more
  • no deposit is held, return the deposit to the customer; explain to them that the minimum initial deposit can be no less than £500, and refer them to the CTD Prospectus held on the GOV.UK website for further information.

Amount paid is £500 or more {.filledcircle}

  • Complete form AZ819 (Recovery) to show:

    • office numeral 258
    • customer name
    • reference number ‘CTD ONDEP’
    • Effective Date of Payment (EDP) - this should be the date the payment was first received by an HMRC office
    • cheque amount.
  • Note the correspondence you received with the payment to show the amount and the EDP of the payment.
  • Place the form AZ819 (Recovery) and the cheque in the plain envelope and send the envelope to DMB Banking , Shipley in a yellow remittance pouch.
  • Send the correspondence you received with the payment to:

    H M Revenue & Customs
    DMB Banking(Cumbernauld)
    CTD TEAM (Room E1.03)
    St Mungo’s Road
    G67 1YZ.

  • Send a letter to the depositor saying that a CTD, together with the rates of interest, will follow from DMB Banking , Cumbernauld.

Issuing the CTD

Once the payment has been processed at Shipley Banking, a credit will be sent to the CTD Team in Cumbernauld using the 117 procedure. The CTD Team will them arrange to send the Certificate of Tax Deposit and details of the interest rates to the customer.