COM23140 - Assessing: CTSA assessments: overpayment after using function RAMA

You may create an overpayment for a CTSA AP by using Function RAMA (Record / Amend Assessment) to record or amend an assessment.

The penultimate screen, COT121G, shows you

• The amount of CT overpaid
• Surplus Income Tax that may be repayable
• Surplus Research & Development Tax Credit that may be repayable
• Surplus Land Remediation Tax Credit that may be repayable

Note: Any surplus amounts shown are not included in the amount of CT overpaid and will not be included in any automatic repayment or reallocation. You must consider whether a repayment of the surplus is appropriate and if so, use Function DSET (District Set Off). For further information, see subject ‘Reallocation into COTAX - Owning Office’ (COM122010) in the ‘Non-automatic reallocations’ section of the ‘Repayments / Reallocations’ business area.

When you confirm the assessment or amendment, COTAX will

• Reallocate or repay an overpayment of CT automatically

• Enter the overpayment on the ‘Overpayments List’ (LOPD), ‘Overpayments Review List’ (LOPU) or ‘Overpayments Requiring Urgent Review List (ORUR) work list

Where an overpayment has been reallocated, repaid or entered on a work list a message will appear on the screen to advise you of this. You should review the record using Function VPPD (View Payment and Posting Details) and DAPD (Display AP Details). If you wish to amend the action taken by COTAX you can

• Stop a repayment on the day it is created using Function SREP (Stop Repayment)
• Make a further reallocation using Function REWD (Direct Reallocation within COTAX) or REOD (Direct Reallocation out of COTAX)
• Amend the signals set in Function MAPS (Maintain AP Signals) or MRSC (Maintain Rept / Realloc Signals (Co))

You must decide whether any surplus of Income Tax, Land Remediation Tax Credit or Research & Development Tax Credit should be repaid and use Function DSET (District Set Off) if appropriate.

See the ‘Repayments / Reallocations’ business area for more information about

• Preventing an automatic repayment of CT, or dealing with an overpayment in a specific way
• Repaying any surplus of Income Tax, Research & Development Tax Credit or Land Remediation Tax Credit

For a list of functions to use in particular situations, see COM23012.