Decreases to tax as a result of your work must be recorded as
well as increases, the net difference being the overall yield.
Sometimes the overall difference means that there is a reduction in
the tax due on the estate, but the amount of yield recorded can
never be a negative figure. So we must record the yield collected
as Nil and not a minus figure. ERS does this automatically.
Complications may arise where we have already closed an
enquiry record on ERS (
IHTM29110) and we need to open a second
enquiry record as a result of fresh amendments or to correct an
error on the original record. Where the second enquiry results in
an overall decrease we may need to do a manual adjustment to
correct the amount of yield recorded on the Management Information
System(MIS). You should refer the case to the Products and Process
Team(PPT) with a memo explaining the circumstances. PPT will make
the manual adjustment to MIS for you.
