Quick question regarding payment of tax

Sarah-Lou

I have a client who's POA have ended up being slightly above the tax liability for the tax year 10/11.

She hasn't received a statement from HMRC for the January payment yet and I'm not quite sure how it works if you are slightly in credit!

Does HMRC minus the credited amount off of the first POA for 11/12 or do they split it between the two POA for 11/12?

Thank you )

Sarah-Lou

Bluewednesday

They will set it against the first poa so you just need to take the refund off the January POA

This is all presuming its only being filed now, if it was filed prior to December then they were issuing refunds and the whole poa will be due.

Sarah-Lou

Thank you, it was filed a couple of weeks ago (definately during beginning of January). I'll let my client know