Payment Allocation, Repayments and Overpayments: IRIS: Payments in Advance
Where we receive a payment in advance of a charge being raised, DMB Banking will
- Bank the payment
- Allocate it to the Overpayments account (OAS)
- Set the ‘Payment in Advance’ signal on the taxpayers standard record
Notify the Processing Office that the payment has been received.When the charge is received, DMB Banking will
- Transfer the payment from the Overpayments account to the charge, and where necessary
- Start the issue of demands for any outstanding amounts.