Where an overpayment has not been requested for repayment and there are no liabilities to which the overpayment can be allocated the taxpayer’s SA record will show a credit balance. The credit will remain on the taxpayer’s SA record until either
Or
Where repayment or allocation cannot be made, for example in a
cessation case, the credit balance should be transferred to OAS
using function TRANSFER FROM OVERPAID BALANCE. After using the
function a memo together with a screen print should be sent to the
AO giving disposal instructions.
More detailed advice about transferring an overpayment to
OAS is provided in the Debt Management & Banking Manual (DMBM).
Disposal of the OAS item will be made by the AO using
current procedures as detailed in AO Manual L.
