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duncs
Polygon
So just finished filling in my first tax return. I rented out my flat for about 10 months in 2017-2018 across 2 tax years. I am employed and pay PAYE, I've declared all income and tax paid as per my P60/P45 (switched jobs recently). I got a letter earlier this year saying I'd paid too little tax. Annoyingly I can't find it now, but I think it said this would be reclaimed through PAYE.
There total amount owed on my return is showing as about £70 higher than I thought it should be, which is presumably because of this underpayment. Do I just have to wait until my next return (which I could do in March once I have my next P60) and hope it comes back to me as I'll have repaid the defecit via PAYE and the tax return lump sum?