DMBM210255 - Payment Allocation, Repayments and Overpayments: IRIS: Payments in Advance

The majority of this manual will be archived on 30 Apr 2024. If there is content within this manual you use regularly, email hmrcmanualsteam@hmrc.gov.uk to let us know.

Where we receive a payment in advance of a charge being raised, DMB Banking will<ul><li class="filledcircle">Bank the payment</li><li class="filledcircle">Allocate it to the Overpayments account (OAS)</li><li class="filledcircle">Set the ‘Payment in Advance’ signal on the taxpayers standard record</li><li class="filledcircle">Notify the Processing Office that the payment has been received.</li></ul>When the charge is received, DMB Banking will<ul><li class="filledcircle">Transfer the payment from the Overpayments account to the charge, and where necessary</li><li class="filledcircle">Start the issue of demands for any outstanding amounts.</li></ul>