PAYE47075 - Employer returns: employer return - overpayments: overpayments and reallocations

The term 바카라 사이트˜allocation바카라 사이트™ or 바카라 사이트˜reallocation바카라 사이트™ is used to describe how monies are apportioned to liabilities on an employer record.

Normally any overpayment should be reallocated to current year (CY) liability. Function OVERPAYMENT DISPOSAL is used to notify Banking Operations of this and they will arrange for the overpayment to be automatically allocated to the current year.

You may however wish to reallocate an overpayment differently. For example

  • Reallocate only part of an overpayment to CY
  • To transfer part or all of an overpayment to other liabilities, for example reallocate to CT
  • To repay all or part of the overpayment to NICO
  • A combination of reallocation, transfer or repayment at the same time or different times

Where any of these circumstances arise Banking Operations must be advised manually by sending a form P565. 바카라 사이트˜Completion of form P565 request stencil바카라 사이트™ at PAYE47020 gives further details.