Open item statements
Simple statements
The payment debit transactions reported on taxpayer Open Item
statements and the descriptions used for the different kinds of
payment debits are as follows.
Note: The descriptions on statements created
before December 1998 may differ slightly from those in the table
below.
| Payment debit | Description on Open Item statement |
| A payment returned by the bank unpaid or a BACS payment recalled by the taxpayer | Payment .......(original date) £...99999.99 returned |
| An amount transferred to OAS | Credit transferred out |
| Cancelled Freestanding credit | Credit .......(date) £...99999.99 cancelled |
| Repayment | Repayment issued |
The payment debit transactions reported on Simple Statements and the descriptions used for the different kinds of payment debits are as follows
| Payment debit | Description on Open Item statement |
| A payment returned by the bank unpaid or a BACS payment recalled by the taxpayer | Payment (original date) £99999.99 returned |
| An amount transferred to OAS | Amount transferred out pending reallocation |
| Cancelled freestanding credit | Credit (date) £99999.99 cancelled |
| Repayment | Repayment - please see note overleaf |
