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HMRC internal manual

Debt Management and Banking Manual

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.