Hello sir, hope you are doing well!
Sophie submitted her tax return for the tax year 2019/20 electronically on 1 January 2021. She made payments on account in respect of her 2019/20 liability.
Select whether the following statements are true or false
(3) If Sophie wishes to reduce her payments on account for the tax year 2020/21 she must submit a claim to HM Revenue & Customs before 31 January 2021.
Sir i dont understand why the answer to the above statement is False? the first POA for 2020/21 will be made on 31jan21 so she needs to inform HMRC before that date if she wishes to reduce her POA.
Thanks in advance!