SAM132050 - Statements: transactions on statements: transaction type: charge
The charge transactions reported on taxpayer Open Item statements and Simple Statements, and the descriptions used for the different kinds of charge are as follows.
Note: The descriptions on the statements created before December 1998 may differ slightly from those in the table below.
| Charge | Description on taxpayer statement |
|---|---|
| 1st or 2nd payments on account | 1st or 2nd payment on account due for year YY/YY |
| Balancing charge | Balancing payment due for year YY/YY |
| SA stranded underpayment | Amount no longer included in PAYE code |
| Net underpayment | Amount no longer included in PAYE code |
| Manually raised miscellaneous penalty | Penalty due |
| Late payment interest (LPI) | For Open Item statements - Interest due on amount of …….. (date) / For Simple Statements - Interest - This is a simple summarised amount and is the total of any LPI and accruing interest that has arisen since the last issued statement |
| 1st or 2nd fixed penalty (for tax years 2009-10 and earlier) | 1st or 2nd Fixed Penalty for Late Return YY/YY |
| Late Filing fixed penalty (for tax years 2010-2011 onwards) | Late Filing Fixed Penalty for YY/YY |
| 1st or 2nd partnership fixed penalty (for tax years 2009-10 and earlier) | Penalty 1 or 2 Late Return YY/YY Pship ………….. (reference) |
| Partnership late filing fixed penalty (for tax years 2010-11 onwards) | Pship Late Filing Penalty for YY/YY (Partnership reference) |
| 1st or 2nd Surcharge (for tax years 2009-10 and earlier) | 1st or 2nd Surcharge for YY/YY |
| Late filing daily penalty (for tax years 2010-011 onwards) | Daily Penalty for YY/YY |
| Partnership late filing daily penalty (for tax years 2010-011 onwards) | Pship daily penalty for YY/YY (Partnership reference) |
| 6 or 12 month late filing (tax geared) penalty (for tax years 2010-11 onwards) | 6 or 12 month late filing penalty for YY/YY |
| Partnership 6 or 12 month late filing (tax geared) penalty (for tax years 2010-11 onwards) | Pship 6 or 12 month late filing penalty for YY/YY (Partnership reference) |
| 30 days/ 6 months/12 months late payment penalty (for tax years 2010-11 onwards) | 30 days or 6 months or 12 months late payment penalty for YY/YY |
| Determination | Determination for Tax year YY/YY |
| Revenue assessment | Assessment for Tax year YY/YY |
| Over-repayment | Over-repayment recovery for YY/YY |
Notes:
1. Only charges due within 45 days of the statement date are included on the printed statement to the taxpayer
2. Charges with a future due date are shown on the Open Item statement under the separate heading ‘Becoming due’
3. The 45 day period is a parameter and can be varied