DMBM210255 | Payment Allocation, Repayments and Overpayments: IRIS: Payments in Advance

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Where we receive a payment in advance of a charge being raised, DMB Banking will<ul><li class="filledcircle">Bank the payment</li><li class="filledcircle">Allocate it to the Overpayments account (OAS)</li><li class="filledcircle">Set the ‘Payment in Advance’ signal on the taxpayers standard record</li><li class="filledcircle">Notify the Processing Office that the payment has been received.</li></ul>When the charge is received, DMB Banking will<ul><li class="filledcircle">Transfer the payment from the Overpayments account to the charge, and where necessary</li><li class="filledcircle">Start the issue of demands for any outstanding amounts.</li></ul>