COM50103 - Claims / reliefs: loss and non-trading deficits carry-back: order of loss processing (Action Guide)

Initial Action

Steps 1 - 5

Reallocating to OAS

Steps 6 - 10

1.

Use Function DAPD (Display AP Details) to check if the Clerical Interest Indicator (CII (Word 32KB)) is set on the AP for which the overpayment will arise

2.

If CII is not set

• Use Function MAPS (Maintain AP Signals) to set the Inhibit Reallocation and Repayment (Manual) signal to ‘Y’

3.

Create the overpayment

4.

Use Function VPPD (View Payment and Posting Details) to check the amount of repayment available for reallocation

5.

Determine exactly how much you want to reallocate from the COTAX record

6.

Use Function REOD (Direct Reallocation Out Of COTAX) and choose the option ‘Reallocate a specific amount’

7.

Make the reallocation

8.

Note: The computer is not able to calculate repayment interest (Word 29KB) (RPI) when you use this function, as it cannot know when the effective date of the reallocation will be. The RPI added field on screen COT170CP, will therefore always be set to nil

8.

Confirm the reallocation and make a note of the OAS reference number

9.

Use Function MAPS (Maintain AP Signals) to set the Inhibit Reallocation and Repayment (Manual) signal to ‘N’

10.

On the same day use the daily Envopak service to send a fully completed form CT251 to the Accounts Office. Advise AO of the amounts on which and the dates to which repayment interest (RPI) is to be calculated

Note: The Accounts Office will

• Calculate RPI and set it off against any outstanding liabilities

• Repay any balance unless you specify a different treatment