Hi There, could you confirm that when it states tax overpaid,do you receive money back from HMRC or does it get allocated against next yrs tax return. I pretty sure its the latter but would like to be 100% sure!
-- Edited by lor on Tuesday 1st of December 2009 01:01:06 PM
You can choose how the money is repaid by selecting the appropriate option on the tax return. It can either be repaid or allocated against the next payment on account. If the return is submitted online and a refund is requested then the refund is usually received in about 2 days.