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HMRC internal manual

Self Assessment Manual

Repayments: issue repayment: freestanding credit created manually from a ‘stand alone’ claim or a claim on a return to carry back losses or pension contributions, or a claim on a return for farmer’s averaging (Schedule 1B TMA 1970). (Not EIS Def

Note: Freestanding credits are automatically created for Schedule 1B carry 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 to relief was received

And

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

For repayments

  • The fixed filing date of the later year’s return

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

Where a freestanding credit is manually created for an averaging claim where there is an increase in the aggregate amounts given by s.59B(1)(b)TMA 1970 (see SACM11020 - Claims affecting Two or more years), treat as a set off against the tax contained in the self assessment.

Repayment supplement (RPS)

From To
   
Repayments  
The fixed filing date of the later year’s return  
For example, claim made 2001-2002, RPS payable from 31/01/2003 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

RPS calculated automatically or manually?

  • RPS will need to be calculated manually

Note: For claims made in the first version of a return where FSCs are created automatically, RPS will be calculated automatically.