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HMRC internal manual

Self Assessment Manual

From
HM Revenue & Customs
Updated
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Statements: transactions on statements: transaction type: miscellaneous

Open item statements

The transaction descriptions used on Open Item taxpayer statements to describe various miscellaneous items are as follows:

Miscellaneous Description on taxpayer statement
   
Accruing interest Plus interest up to…….. (date)
Formal standover Currently suspended on Appeal
Informal standover Collection suspended
Collectible amount Amount due after any adjustment (see note 1)
Total of all credits set against a charge Total credits (see note 1)
Open item balance Balance (see note 2)
Statement balance after any allocation to charges due within 45 days Balance of account at ………. (date) (see note 3)
Statement balance before any allocation to charges due within 45 days Balance before allocation to sums becoming due (see notes 2 and 3)

Notes:

1. These descriptions only appear on statements created after November 1998
   
2. This description only appears on screen prints of statements
3. Payment credits are allocated to charges becoming due within 45 days. The 45 day period is a parameter and can be varied

Simple statements

The transaction descriptions used on taxpayer statements to describe various miscellaneous items are as follows

Miscellaneous Description on taxpayer statement
   
Accruing interest Interest
This is a single summarised amount and is the total of any late payment interest and accruing interest that has arisen since the last issued statement    
  Formal standover Various descriptions apply see Note 1 below
  Informal standover Various descriptions apply see Note 1 below
  Adjustment to balancing charge credit Adjustment to overpayment from yy/yy return
Note: If the adjustment is as a result of an enquiry amendment, the description is ‘Adjustment to overpayment from yy/yy return following enquiry’

Note 1: When a formal or informal standover is applied to a charge, the description includes part of the originating charge description to help the taxpayer identify which charge is being stood over. Formal standovers are identified by the words ‘suspended on appeal’. Informal standovers do not include the words ‘on appeal’.

For example, if the origin of the charge is a Revenue Assessment and it is being formally stoodover, it is described as ‘Enquiry amendment for yy/yy suspended on appeal’. If the origin of the charge is a balancing charge and it is being informally stoodover, it is described as ‘Balancing payment for yy/yy - amount suspended’.