SolvedCOM122060 | Repayments/reallocations: non automatic reallocations: reallocation out of COTAX - responsible CT office
From HM Revenue & Customs · COTAX Manual
Use function REOD (Direct Reallocation Out Of COTAX) if you need to reallocate an overpayment arising from within COTAX against liabilities of the same company that COTAX does not handle, such as:
for Accounting Periods (APs) ending before 1 October 1993 (pre COTAX)
under Section 419 (S419) Income and Corporation Taxes Act (ICTA) 1988 (now Section 455 (S455) Corporation Tax Act (CTA) 2010) for APs ending before 1 July 1999 (pre CTSA)
under Schedule 13 or Sch16 ICTA 1988
However, if the arrear has been notified on a form in the C87 series or is being pursued by Head Office, obtain the agreement of the office pursuing the arrear before you make the reallocation.
Wherever possible, you should reallocate any overpayment against other liabilities whether within or outside COTAX, and only repay any balance available. You should consider, for example, setting a repayment against PAYE or Subcontractor payments arrears as well as against assessments made upon the company outside COTAX.
Do not reallocate more than the known liability against which the reallocation is being made.
(This content has been withheld because of exemptions in the Freedom of Information Act 2000)(This content has been withheld because of exemptions in the Freedom of Information Act 2000)
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