COM1170 - Accounting periods: company accounting periods: superseded CTSA AP - payment received
If a payment of tax has been posted to the record of a newly superseded CTSA AP, COTAX will automatically transfer the postings
- From the superseded AP record
- To the linked new AP you have created
If you do not create any new APs when you supersede an AP containing a payment COTAX will warn you that it has ‘stranded payments’ that it cannot automatically repay or reallocate.
In these circumstances you must use Function
- REWD (Direct Reallocation Within COTAX) to reallocate the payments
Or
- DIRR (Direct Repayment) to repay them
Cases subsequently appear on work list LOPU (Overpayments Review List) in the Accounts Office if no action to dispose of the payments is taken in the CT processing office.
For a list of functions to use in particular situations, see COM1021.
