Where an overpayment arises and is to be repaid and all the following apply

Certain conditions (Word 40KB) exist on the overpaid AP

No conditions exist on the COTAX record to prevent an automatic repayment being made. For more information see section ‘Inhibit Automatic process’COM120030

Any automatic reallocations to outstanding liabilities on other APs have been made

COTAX will

Calculate any repayment interest (RPI) due to the expected date of issue of the repayment (not to the day when you created or authorised the repayment). The calculation will be on each individual payment making up the repayment that is entitled to repayment interest

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