N
NeverNever
Guest
So we (myself and hubby, jointly assessed) requested a P21 for 2011 and have an underpayment of 500 which we owe back to revenue.
We've paid Euro250 tax in the year 2011
Revenue advised they will offset what we owe (the 500) off credits for 2013.
So, we also have medical expenses which would bring us in 700euro.
As we only paid 250 tax, thats the max we can claim back on med 1.. Which will only serve to reduce our underpayment to 250.
My question is, if we offered to pay the revenue the underpayment due of 500 euro, say by cheque. ..Would that then mean we'd have paid 750 tax in the year, and could therefore claim back in the 700 (net) on the Med1?
Is this going to work or is there a way around this at all?
We've paid Euro250 tax in the year 2011
Revenue advised they will offset what we owe (the 500) off credits for 2013.
So, we also have medical expenses which would bring us in 700euro.
As we only paid 250 tax, thats the max we can claim back on med 1.. Which will only serve to reduce our underpayment to 250.
My question is, if we offered to pay the revenue the underpayment due of 500 euro, say by cheque. ..Would that then mean we'd have paid 750 tax in the year, and could therefore claim back in the 700 (net) on the Med1?
Is this going to work or is there a way around this at all?