COM121020 - Repayments / reallocations: inhibit automatic process: manual inhibit signals
Sometimes, you need to prevent COTAX from making an automatic reallocation or repayment. You do this by setting the appropriate inhibitor signal.
You may wish to consider using Function NOTE (Case Notes) to enter the reason for the setting of any inhibit signals. Remember to delete the NOTE when you unset the inhibit signal.
(This text has been withheld because of exemptions in the Freedom of Information Act 2000)
Inhibit Repayments Only
Where this signal is set, COTAX
- Cannot make automatic repayments for any AP against which the signal is set
- Will be able to continue to make reallocations automatically
This signal can be set for one or more APs or for all APs of a company.
Inhibit Reallocations and Repayments
Where this signal is set, COTAX
- Can neither reallocate nor repay automatically for any AP against which the signal is set
You can unset both of these signals. COTAX automatic processes will then operate against the relevant AP(s).
This signal can be set for one or more individual APs or for all APs of a company.
Inhibit Small Repayments Only
When this signal is set, COTAX
- Cannot automatically repay amounts of £20 or less
The signal is set when an entry has been made in Box 174 of the captured Company Tax Return CT600 (Version 1) or Box 133 of CT600 (Version 2).
You can set or unset the signal using Function MRSC (Maintain Rept/Realloc Signals (Co).
Inhibit Repayment Amount Specified by Company
COTAX cannot make repayments of specified amounts or less where
- The company has entered an amount in Box 175 of the captured company tax return CT600 (Version 1) or Box 134 of CT600 (Version 2)
You can change the specified amount using Function MRSC.
When the COTAX value of ‘Inhibit Small Repayments Only’ is operating
- The INHIBIT REPAYMENT AMOUNT SPECIFIED BY COMPANY field in Function MRSC shows ‘0’ because the company has not chosen an alternative amount
Note: Subject to normal conditions, (see subject 'Overpayments That Cannot Be Handled Automatically') overpayments of the COTAX value of £20 (or less) or the company specified amount (or less) will be
- Reallocated to other liabilities
Or
- Reallocated to any Accounting Period where the liability is not yet due
Or
- Entered on the LOPD (Overpayment Work List) reason
- ‘Small Repayment no auto reallocation
All these signals can be set for a number of reasons. It is important to understand why a signal was set, and to be sure that it is no longer needed, before you unset it.
For a list of functions to use in particular situations, see COM121011.
