COM122095 | Repayments / reallocations: non automatic reallocations: reallocation within COTAX - banking operations office (Action Guide)

When using Function REAW, consider steps 1 - 6 below. The guide is presented as follows.

Initial action Steps 1 - 2

Reallocation from one company to another Step 3

Reallocation will create an overpayment on the receiving AP Steps 4 - 5

Consideration of Repayment Interest (RPI) Step 6

Initial action

1. Ensure one of the following conditions applies, which gives you responsibility for dealing with the reallocation.

• The overpayment appears on the LOPU (Overpayments Review List) work list.

Note: Where the overpayment was created as the result of carry-back or S458 CTA 2010 (formerly S419(4) ICTA 1988) relief, ask the responsible CT office to deal with the overpayment.

• The payment has been allocated to suspense record and appears on the LSUP (Payments in Suspense List) work list.

• The payment was incorrectly allocated.

2. If none of the above conditions apply, refer the correspondence or enquiry to the responsible CT office or Debt Management Office as appropriate.