PAYE98002 - Accounting: end of year: accounting status
The Financial Events Summary screen is the principle accounting screen. It displays Financial events posted to a taxpayer’s account throughout the selected year using the following Financial events status.
Underpayments
| Descriptor | Meaning |
|---|---|
Outstanding | Not currently coded or not collected by Simple Assessment. An existing voluntary payment has been cancelled and the amount originally paid is now outstanding |
Coded | Underpayment included in CY, CY+1 or collected in an earlier code |
Cancelled | Superseded by a later accounting event |
Cancelled Transferred to CESA | Transferred by user to CESA |
Cancelled U/P created in error | Underpayment created by user and then cancelled |
Revenue Loss | Remission input by user |
Carry Forward | An underpaid amount for the year that has been carried in to a later year as ‘tax underpaid at start of year’ |
Sent to ETMP | Amount sent to ETMP for collection under Simple Assessment |
Paid ETMP | A carried forward underpayment value was set off against tax paid in a Simple Assessment year. The original coded out year will be updated from ‘Carried forward’ and ‘Coded out’ to ‘Paid ETMP’ |
Overpayments
| Descriptor | Meaning |
|---|---|
Pending | Allocated when the repayment is initially created and is awaiting the issue of the P800 output |
Issued | The repayment request has been issued to the Repayment Clump but the payable order has not yet been issued |
Paid | The payable order serial number has been confirmed by the Repayment Clump and the payable order has been issued |
Cancelled | A previously issued payable order has been cancelled |
Stopped | A repayment has been stopped before it has been issued |
No repayment | An overpayment amount below tolerance has been calculated |
Carry Forward | The repayment for the year has been carried into a later year as ‘Tax Overpaid at the Start of Year’ |