We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Stupid mistake!
hwalkerh
Posts: 307 Forumite
I made a stupid mistake and ended up paying the HMRC to much for tax and NI this month. Is it ok to just pay less next month so that it will work out ok at the end of the year?
Still kicking myself for such a silly mistake
Still kicking myself for such a silly mistake
0
Comments
-
I dont think it is quite as simple as that, you would be better off phoning them to see0
-
In what context was this? If it's as an employer and you've miscalculated the tax and NI due to HMRC from your employees, then yes, you can do this: the sum due is only calculated and 'balanced' at the end of the tax year.I made a stupid mistake and ended up paying the HMRC to much for tax and NI this month. Is it ok to just pay less next month so that it will work out ok at the end of the year?
Still kicking myself for such a silly mistake
Missing a payment will trigger alarm bells with them, you need to do a nil return if there's nothing due, but payments going up and down from month to month shouldn't cause concern.Signature removed for peace of mind0 -
Agree with Savy Sue. Just deduct what you overpaid this month from next months submission. As long as it all reconciles at the year end, all is well.You had me at your proper use of "you're".0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards