COM121030 - Repayments / reallocations: inhibit automatic process: automatic inhibit signals

The computer will set inhibitor signals automatically against specific APs / companies in certain circumstances. The signals are

• Inhibit Reallocations Only (Automatic)
• Inhibit Repayments Only (Automatic)
• (This text has been withheld because of exemptions in the Freedom of Information Act 2000)
• Inhibit Small Repayments Only
• Inhibit Repayment Amount Specified by Company
• Cancelled Repayment inhibit 

The computer sets

• The Inhibit Reallocations Only and Inhibit Repayments Only signals when a company asks Banking Operations to allocate a payment against a specific duty type (a penalty for example) within an AP, and this posting causes that duty type to become overpaid
• The Inhibit Repayments Only (Automatic) signal alone, when Banking Operations receives a payment (other than by BACS or CHAPS) that causes an overpayment on a AP
• (This text has been withheld because of exemptions in the Freedom of Information Act 2000)
• The Inhibit Repayment Amount Specified By Company at company level if a return is captured with a figure in Box 175 (CT600 Version 1) or Box 134 (CT600 Version 2)
• The Cancelled Repayment Inhibit at AP level when an issued repayment is cancelled

Inhibit Reallocations Only (Automatic)

This signal

• Only inhibits automatic reallocations
• Can be unset by you
• Is unset automatically after 14 days

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Inhibit Repayments Only (Automatic)

This signal

• Only inhibits automatic repayments
• Is set automatically for 14 days, for payment by payment types other than BACS or CHAPS, to prevent a repayment being made before the payment (for example a cheque) is cleared
• Is set if the Inhibit Reallocations Only (Automatic) signal is set
• Cannot be unset except by the computer
• Is unset by the computer after 14 days

Note: When the overpayment is £3 or less the computer will balance the AP by treating it as a Permanent Overpayment on the company record (posting type POP). 

• (This text has been withheld because of exemptions in the Freedom of Information Act 2000)

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Inhibit Small Repayments Only

This signal

• Inhibits COTAX from automatically repaying amounts of £20 or less
• Can be unset by you

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Inhibit Repayment Amount Specified by Company

This field

• Inhibits COTAX from automatically repaying any amount or less specified by the company
• Can be amended by you

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Cancelled Repayment Inhibit

This signal

• Shows that an issued repayment has been cancelled
• Is unset

• • Automatically if the charge is increased

• • The AP becomes balanced

• • Manually by you

It is recommended that you

• Do not manually unset the Cancelled Repayment Inhibit. (This could prompt the incorrect reissue by COTAX of the cancelled repayment)
• Make repayments using Function DIRR (Direct Repayment) when you are in a position to go ahead with the repayment

For a list of functions to use in particular situations, see COM121011.