MidlifeCrisis
Registered User
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- 18
Thanks for reading this in advance!
I submitted a tax return on 31/12/2020 for health expenses relating to 2016.
Before these returns were processed my previous P21 final result was an underpayment of 1528.88, which was collected by reducing my tax credits in 2019 and 2020. (as a side note, my USC had an underpayment of 184.80). So the underpayment is cleared at this stage.
These health expenses totalled 318 euro. Fine. So now revenue have issued a new P21 and somehow it shows an overpayment of 184.80 in my PAYE which is cancelled against the 184.80 underpayment of the USC so the P21 is balanced now somehow based on these expenses?
The mysterious thing is that in panel 7A there is a U/P coded figure of 1,210.88. This seems to me to be a magic number dreamt up just to make things balance. I have no idea what it means. I feel like I haven't got the benefit of my health expenses.
I was wondering if this rings any bells with anyone. Wasn't my P21 balanced already based on the subsequent reduction of tax credits? What is U/P coded (guessing it's something to do with underpayment)? Did I get the benefit of my health expenses?
I submitted a tax return on 31/12/2020 for health expenses relating to 2016.
Before these returns were processed my previous P21 final result was an underpayment of 1528.88, which was collected by reducing my tax credits in 2019 and 2020. (as a side note, my USC had an underpayment of 184.80). So the underpayment is cleared at this stage.
These health expenses totalled 318 euro. Fine. So now revenue have issued a new P21 and somehow it shows an overpayment of 184.80 in my PAYE which is cancelled against the 184.80 underpayment of the USC so the P21 is balanced now somehow based on these expenses?
The mysterious thing is that in panel 7A there is a U/P coded figure of 1,210.88. This seems to me to be a magic number dreamt up just to make things balance. I have no idea what it means. I feel like I haven't got the benefit of my health expenses.
I was wondering if this rings any bells with anyone. Wasn't my P21 balanced already based on the subsequent reduction of tax credits? What is U/P coded (guessing it's something to do with underpayment)? Did I get the benefit of my health expenses?