Repayment details
This section is accessed via the Data Input tab within the tax return and is used to enter details of the client or nominee bank account that you wish to use for repayments of overpaid tax.
Repayment to Tax Adviser
-
Select the Act as nominee for tax repayments? option if you wish to act as the nominee for repayments.
The remaining fields in this section will only be displayed if you have ticked the box above.
-
Select the Branch / office/ dept to act as nominee from the drop-down list, the branch, office or department of your firm that you wish to be used as the nominee. You must have setup the details already – see Office / Branch / Department settings.
-
Select the nominee Account to use. You must have setup the account details already – see bank account(s).
-
Nominee name - this field will display the nominee name that will be shown on the Tax Return.
-
Address - this field will display the nominee address that will be shown on the Tax Return.
Other nominee
Use this section to make the repayment to another nominee.
-
Select the Payment to other nominee? option to indicate that payment is to be made to a nominee.
The remaining fields in this section will only be displayed if you have ticked the box above.
-
Enter then name of the nominee who is to receive the repayment
-
Select Change address to enter or select the address of the nominee. See entering addresses.
Client or nominee bank account
Use this section to enter the details of the bank account to use if the repayment is going to the client or a nominee.
-
Select the Cheque required? option if a cheque is required. Selecting this option will disable the remaining fields in this section.
Requesting a repayment by cheque to a nominee will not be actioned by HMRC, who will just keep the repayment balance on record. It can then be made to the nominee by cheque if the customer so advises by telephone or in writing to HMRC.
Where a payment to a bank account is requested, complete the following information.
-
Enter the name of the bank.
-
Enter the sort code. Please enter a dash between each of the digits.
-
Enter the account number: up to 8 digits with no spaces or punctuation.
-
Enter the name of the account holder as it appears on the account.
-
Enter any building society reference required.