Tax Rebate/Refund

electrician81

Hi all,
I owe hmrc money which I’m paying back monthly from a previous years personal tax accounts.
this year I’ve overpaid and I’m likely to be owed a refund. My question is where does this money go? Direct to hmrc or paid to me directly as it normally would? 

Organgrinder

I'm not sure but will depend on if you pay via PAYE.

I'm in a similar position. This year I'm paying approx £200 extra. Next year I was due to pay another £400 but I'll overpay by over £1000 this year.

When I queried this I was informed that at the start of the new tax year they will start collecting £400 but once my tax calculation is done (around end June), they'll process any refund due and change my tax code.

However my understanding is that should I still owe them money there would be no refund and they'll simply deduct any overpayment from the balance owed and collect the remainder via PAYE.

electrician81

Hi thank you for your reply, I’m self employed so mine is done via self assessment not paye. I think it’s different.