Reconcile individual: in-year reconciliation: cessation repayment calculation: overpaid
Where the tax calculation results in an overpayment and you select the [Submit] buttonyou will be taken to the first Reason for overpayment screen, you can selectup to 5 valid reason boxes from this screen. These will be the messages displayed on thecalculation issued to the individual or agent.
If none of the reasons for overpayment from the first screed are relevant you must thenselect the [Next] button. This will take you to the second Reason foroverpayment screen. You can again select up to 5 valid reason boxes. Where none ofthe reasons are valid you should select the other field and enter a validreason.
You must then select the recipient for the repayment. If you select
You will be taken to the Reconciliation summary screen where the result ofthe calculation will be displayed
If you select
You will be taken to the Repayment recipient screen.
You must then enter the details of the nominee to whom the repayment is to be issued.
When you select the [Submit] button, you will be taken to the Reconciliationsummary screen where the result of the calculation will be displayed.
The system will prepare the tax calculation (P800) for issue and post the details to theAccounting function to process the repayment.
- Make a note in Contact History with the details of the action taken
- Make a note in Contact History with the details of where the claim papers are held