Taxpayers may opt to pay an amount of an overpayment to a future period. This is known as carry forward. This is common to individual income tax filing, where the taxpayer can indicate on the form a designated amount that will go to the next filing period (next tax year).
A tax authority's rules may designate certain tax types to only allow overpayments to be carried forward. Some common examples include excise or sales and use taxes. In these cases, the entire overpayment amount is carried forward.
The base business object includes an algorithm (C1-OP-CAFUFP) to carry forward to a future period.
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