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HMRC internal manual

Self Assessment Manual

Repayments: issue repayment: freestanding credit created manually from a brought back claim (Schedule 1B TMA 1970)

Note: Freestanding credits are automatically created for Schedule 1B brought back claims made in the first version of a return from 2001-2002.

Effective date of payment (EDP)

For set offs, the later of

  • The date the valid claim for relief was made

And

  • The relevant due date of the charge against which the relief is to be set

Note: The freestanding credit(s) should be used to clear any outstanding charges for the return year first in the following order; balancing charge debit, then payment on account 2 (POA2), then payment on account 1 (POA1), before being set-off against any other outstanding charges.

For repayments

  • The fixed filing date of the earlier years return plus 1 year, for example, claim made to bring back losses / pension contributions from 2005-2006 to 2004-2005, EDP is 31/01/07

Note: Freestanding credits created automatically where there are no liabilities outstanding for the return year, show an EDP of the date of the claim.

Repayment supplement (RPS)

From To
   
12 months after the fixed filing date of that years return  
For example, claim made on 2001-2002 return, RPS payable from 31/01/2004 For set offs within the same SA record
  • The Relevant Due Date of the charge against which the credit is being set

For set offs to a different SA record or Head of Duty

  • The date the set off is made

For repayments

  • The projected date of issue of the repayment (usually 5 days from the date the repayment is calculated and entered on the record)

RPS calculated automatically or manually?

  • RPS will need to be calculated manually

Note: For claims made in the first version of a return where FSC’s are created automatically, if applicable RPS will be calculated automatically.