Open item statements
Simple statements
The payment credit transactions reported on taxpayer Open Item
statements and the descriptions used for the different kinds of
payment credits are as follows.
Note: The descriptions on the statements created
before December 1998 may differ slightly from those in the table
below.
| Payment credit | Description of credit not allocated to a charge | Description of credit allocated against a charge |
| Payment | Payment £..9999.99 balance unallocated £..999.99 | From payment made ........ (date) |
| Transfer from OAS | Credit £..9999.99 balance unallocated £..999.99 | Credit transferred in ........ (date) |
| Freestanding credit | Credit £....999.99 balance unallocated | From credit introduced ....... (date) |
| Balancing charge credit | Overpayment from YY/YY return | From overpayment from YY/YY return |
| Repayment supplement | Repayment supplement ........ (date) to ........ (date) | From supplement ........ (date) to ........ (date) |
| A cancelled repayment | Repayment cancelled on ....... (date) | When a repayment is
cancelled the credit becomes available for allocation against any
new charge.
If the credit is subsequently allocated against a new charge it takes on one of the previous descriptions in this column of the table. The description is related to the origin of the credit. For example, if the origin of the credit is a balancing charge credit it is described as ‘From overpayment from YY/YY return ........ (date)’. |
The payment credit transactions reported on Simple Statements and the descriptions used for the different kinds of payment credits are as follows
| Payment credit | Description |
| Payment | Payment - Thank you |
| Transfer from OAS | Credit transferred in |
| Freestanding credit | Credit introduced |
| Balancing charge credit | Overpayment from YY/YY return |
| Repayment supplement | Repayment supplement |
| A cancelled repayment | Repayment cancelled on
(date)
Note: Where an over-repayment charge is amended by the cancelled repayment the description is ‘Adjustment to over-repayment recovery for yy/yy due to cancelled repayment’ |
