I paid my usual January payment and because of a dive in my profits it look like no payment is due in July but IR will owe me several thousand pounds.
Do I (or my accountant) claim back and will they issue a cheque or just leave it as a credit until next January payment due?
Phil
bang in your return before July and the payment will be fixed.
Phil
The choice is yours.
If you want the money now, make a claim to reduce the POA (Payment On Account). Make certain that you are correct, otherwise you will be charged interest retrospectively.
Thanks for that Doug.
I guess my best bet is to talk to the IR and then get my accountant to get a move on with my annual figures from my year end 31st March.
Phil
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