Each taxpayer is issued periodically with a statement (unless
statement issue has been inhibited) known as the ‘Self
Assessment Statement’ (before August 2006 known as the
‘Self Assessment - Statement of Account’). The
statement shows the current position on the taxpayer record.
From August 2006 the majority of statements are now issued
in Simple Statement format although a few statements continue to be
issued in Open Item format.
The statement can be a prompt or reminder to make payment.
It warns about interest and shows the amount of interest that has
arisen since the issue of the previous statement. (Open Item
statements show individual interest charges and the total amount of
interest accruing on any overdue payment).
Most statements include a message. The message printed on
the statement is determined by the circumstances or reason why it
was necessary to issue a statement in this statement issue
cycle.
