COM90020 - Payments: processing payments: the payment record
The majority of Company Tax payments are made electronically, but where a payment is received in DMB Banking Shipley, it is processed in accordance with the instructions in the Debt Management and Banking manual at DMB200100. See COM90030 for guidance when a payment is received in any other HMRC Office.
Function VPPD (View Payment and Posting Details) provides all the information you need about payments and other accounting postings that appear on a COTAX record. It is essential that you review the payment position before taking any pursuit action.
The payments displayed on function VPPD (View Payment and Posting Details) screen D with a of 鈥楶YT鈥� are:
- bank lodgment payments
- Bank Giro payments
- Girobank payments
- Bacs payments
- CHAPS payments or payment made by Faster Payment (FP) methods
- set-offs made by the CT responsible office.
COTAX also processes posting types 鈥楻FR鈥�, 鈥楻TO鈥�, 鈥楲OS鈥� and 鈥楢CT鈥� as payments so it can calculate credit interest, debit interest, late payment interest and repayment interest. You will see 鈥楢CT鈥� postings only on CT Pay and File APs.
The payment reference number a company should use to make a payment electronically is the one provided:
- on the payslip attached to the payment application or
- from the Your Tax Account accounting period overview screen.
COTAX applies the to all payments unless a other than 鈥楢鈥� is entered when the payment is made.
If you are contacted by telephone about paying by Bacs or CHAPS, refer the call to DMB Banking Shipley.
SAFE handles payments for:
- all APs ending before 1 October 1993
- S419 ICTA 88 and S747 charges for APs ending on or before 30 June 1999
- common non-COTAX assessment types listed at COM23133.
IRIS handles payments for overpayments allocated to OAS.
See: