Credit Transfer out

This shows the amount of credit HM Revenue & Customs (HMRC) have transferred out of your account to its Accounts Office. The usual reason for this is where, following changes to your Self Assessment record HMRC needed to manually reallocate your payments, by first making a Credit Transfer out of your account, followed by a Credit Transfer in, to achieve the correct position. If you want further clarification about why a particular credit has been transferred out please contact your own tax office.