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Post Info TOPIC: Negative tax liability and 'payments on account'
sarah493


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Negative tax liability and 'payments on account'
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Hi All,

There is probably an obvious answer to this but I'm just wanting to check.smile

If a clients payments on account are more than the tax liability, so is due a repayment.....but is still required to make payments on account as next years liability is still likely to be over £1k / more than 20% of the tax liability for this year. Is the repayment just deducted from the first POA due in January???

 

Thank so much for your help

x

 



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