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Could you please explain why in answer 31 . “The balancing payment for 2015–16 due on 31 January 2017 cannot be reduced.”
I did not understand
Because the balanceing payment of a year have to pay within the following tax year . Therefore following tax year for 2015-16 is 2016-17 and due date on 31 January 2017, which already passed in year ended 5 March 2017. So that’s why you can’t amend or reduce it. Hope you can understand it now.
Please check back over previous questions as I think I have already answered this query before – many thanks