HMRC Tax refund - They Want it back
Discussion
I have tried reading through all the HMRC help pages but I can't find advice on this problem.
-Self Assessment, sole trader. Everything up to date-
Last year I received a refund on my previous years tax bill, all fine. It was paid into my account.
2010-11 was poor for business with some high expenses too and I have just submitted my return to have the calculations confirm I am not due any tax on that year.
However when going to submit the calculation now shows that I am due to repay the refund that I received last year.
Is this normal? The statement makes this payment due on the 31st of January and there is no way I can raise that cash.
-Self Assessment, sole trader. Everything up to date-
Last year I received a refund on my previous years tax bill, all fine. It was paid into my account.
2010-11 was poor for business with some high expenses too and I have just submitted my return to have the calculations confirm I am not due any tax on that year.
However when going to submit the calculation now shows that I am due to repay the refund that I received last year.
Is this normal? The statement makes this payment due on the 31st of January and there is no way I can raise that cash.
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