SAM131026 - Statements: statement issue: qualifying financial transactions

If any of the following financial transactions have been posted to the taxpayer’s SA record since the last statement was issued then a new statement will be issued

Periodic statements
Standard statements

Periodic statements

• A new credit which is either a balancing charge credit captured from a return, transfer in from OAS, freestanding credit or repayment supplement

• Any amendment to payment, freestanding credit or balancing charge credit within the statement period
• Any amendment to a debit within the statement period, including amendment to relevant due date, transfer to PAYE, remission, cancelled remission, formal and informal standover, informal discharge and cancelled informal discharge, where the due date of the debit is on, or before, the statement period end date
• Any liability with a creation date within this statement period that is due within this statement period or earlier, excluding late payment interest (LPI) where the outstanding amount of LPI is less than the de-minimus limit
• Any liability becoming due within a specified number of days (currently 45) including liabilities where the outstanding balance is nil. These liabilities can include

• • Charges which were nil at creation
  • Charges which are already fully allocated (that is, paid)
  • Charges which have been amended to nil since creation (except where the amendment has already triggered the issue of a statement (see below)

• Any adjustment created within the statement period to a debit where the due date of the debit is after the statement period end date, and the adjustment reduces the debit to nil

Where none of the above transactions have occurred, a statement can still be issued in the following circumstances

• If there are no liabilities due within the specified time-period but the outstanding account balance is greater than, or equal to, the de-minimus limit (currently £32) and the last statement issued was more than 45 days ago

Top of page

Standard statements

These are produced in all months when the periodic statements are not required, that is

• There is a debt becoming due within 45 days and the debt has not been included on a previously issued statement

• There is a debt on the SA record and the debt has not been included in a previously issued statement and the debt is now due (the payment date is ‘today’ or earlier)

Notes: