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HMRC internal manual

Self Assessment Manual

Statements: transactions on statements: transactions on brought forward statements

The Brought Forward statement was only issued in the period November 1996 to March 1997. From April 1997 to June 2006, the style of the statement changed to an Open Item layout, and from August 2006 statements are in either Open Item style or Simple Statement format. For more information about the Open Item statement see subject ‘Transactions on Open Item Statements’ (SAM132020). For more information about the Simple Statement see subject ‘Transactions on Simple Statements’ (SAM132030).

A Brought Forward statement shows the financial transactions that have taken place since the last statement was issued.

The financial transactions posted to the taxpayer’s SA record that are shown on a ‘Brought Forward’ taxpayer statement are as follows

  • Payment
  • Transfer to or from OAS
  • Amendment to payments on account following a change to the previous year’s liability, or the capture of a taxpayer return
  • Adjustment following a claim to adjust payments on account
  • Returned payment type
  • Charge becoming due within 45 days of the date of issue of the statement

Note: The 45 day period is a parameter and can be varied.
A standard transaction description is used on the statement to describe each of the financial transactions.

Note: Amendments to interest charges and new interest charges are not shown as transactions on the statement. They are included in the ‘Interest due this period’ amount on one or more statements.

The transactions appear on the statement in posting date order. Standard transaction descriptions are used on the statement.

The 5 transaction descriptions used on the ‘Brought Forward’ taxpayer statement are as follows

Transaction description Notes
‘1st Interim Liability due (….date)’ ‘1st Interim Liability’ means the first payment on account
‘Payment - thank you’ Payment, here, includes a transfer from OAS
‘Adjustment to 1st payment on account due (…date) £99999.99 to £88888.88’ ‘Adjustment’ includes both an adjustment and an amendment
‘Payment not honoured by the bank etc’ A Returned payment type
‘Transferred for repayment or reallocation’ Any transfer to OAS

The above transactions are preceded by a one-line entry showing the balance ‘Brought forward from previous statement’.

The amount of each transaction that took place is determined and the resulting balance is calculated. A suffix ‘D’ is printed if an amount is a debit. An amount without a suffix is a credit.

If the transaction was an adjustment or an amendment to the payments on account the original and current payments on account are both printed on the statement.

Any transaction that is posted in error and which is reversed by an equal and opposite transaction on the same day is not printed on the statement.

The total of all interest accrued over the statement period is included on the statement - see section ‘Interest Calculation’ (SAM134000 onwards). Interest charges do not appear as transactions on the statement.