Open item statements
Simple statements
The transaction descriptions used on Open Item taxpayer statements to describe various miscellaneous items are as follows:
| Miscellaneous | Description on taxpayer statement |
| Accruing interest | Plus interest up to........ (date) |
| Formal standover | Currently suspended on Appeal |
| Informal standover | Collection suspended |
| Collectible amount | Amount due after any adjustment (see note 1) |
| Total of all credits set against a charge | Total credits (see note 1) |
| Open item balance | Balance (see note 2) |
| Statement balance after any allocation to charges due within 45 days | Balance of account at .......... (date) (see note 3) |
| Statement balance before any allocation to charges due within 45 days | Balance before allocation to sums becoming due (see notes 2 and 3) |
The transaction descriptions used on taxpayer statements to describe various miscellaneous items are as follows
| Miscellaneous | Description on taxpayer statement |
| Accruing interest | Interest
This is a single summarised amount and is the total of any late payment interest and accruing interest that has arisen since the last issued statement |
| Formal standover | Various descriptions apply see Note 1 below |
| Informal standover | Various descriptions apply see Note 1 below |
| Adjustment to balancing charge credit | Adjustment to overpayment
from yy/yy return
Note: If the adjustment is as a result of an enquiry amendment, the description is ‘Adjustment to overpayment from yy/yy return following enquiry’ |
When a formal or informal standover is applied to a charge, the
description includes part of the originating charge description to
help the taxpayer identify which charge is being stood over. Formal
standovers are identified by the words ‘suspended on
appeal’. Informal standovers do not include the words
‘on appeal’.
For example, if the origin of the charge is a Revenue
Assessment and it is being formally stoodover, it is described as
‘Enquiry amendment for yy/yy suspended on appeal’. If
the origin of the charge is a balancing charge and it is being
informally stoodover, it is described as ‘Balancing payment
for yy/yy - amount suspended’.
