Dear All,
When looking at the Self Assessment interim payments due 31 July 2017, I have noticed a couple of instances where HMRC appears to have taken the overpayments arising for 2015/16 against the first AND second PoAs - in December 2016 / January 2017. In other words, large overpayments have been taken to cover liabilities not falling due for another 6 months!
I seem to recall that HMRC's stated policy is something like 45 days - if a liability is set to fall due within the following 45 days, then they will hold on to it / sufficient to cover the impending liability. This 45 days was originally supposed to be 30 days, but they stretched it by a further fortnight to cover delays in processing, or issuing Statements of Account, or some such.
Has anyone else come across this rather more aggressive approach?
Regards,
Lambs
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