Adding a debt to the tax year
When you create a taxable debt in SWIFTT on a cancelled record or for a previous tax year, SWIFTT will generate a memo via LSUM. The memo has the details of the debt that needs to be added to the appropriate tax year. The following outlines the SWIFTT process to follow.
SBDR | action to create the debt |
LSUM | print the memo produced as a result of the backdated review with details of the debt amount to be added to the appropriate tax year |
SDBTI | debt inquiry for the client - select F4 to go to STAXI screen |
STAXI | select the appropriate year and DBT which takes you into SDBTA screen |
SDBTA | add the following details: |
New debt established on or after 26 September 2002
New debt established on or after 26/09/2002 must be checked against the debt write-off criteria to decide if the debt or part of the debt is recoverable.
For more information see:
