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Cancelled	Superseded by a later accounting event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’

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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’