Overpayment of taxes and direct debits

French Finance

Overpayment of taxes and direct debits


cooperlola 21/05/2008, 11:45
This year's tax bill is going to be somewhat smaller than last (because I had a one-off payment last year.)  However, my monthly direct debit to the tax office - because of the way the system works - is based on last year's amount.  As money's a bit tight this year (to say the least) is it possible to alter the montly sum so it reflects what I'm actually going to owe?
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Re: Overpayment of taxes and direct debits


rhetais 21/05/2008, 14:21

I can tell you what happened to me last year, without doing anything proactive. Like you, I knew my monthly payments were too high, but, in August, the amount taken suddenly decreased and then I had no payments at all taken in September and October. I think by August, they have calculated how much tax you actually owe for the current year and if your monthly payments are going to result in an overpayment, they don't take any more once your tax bill is paid. My payment in August completed the total amount due.

Hope that helps.

 

Re: Overpayment of taxes and direct debits


Ron Avery 21/05/2008, 14:55

Not sure about monthly payments coops but you can vary it with a quarterly one by going into your account on the tax payment website.

I increased my on account payments last year as a hedge against an increase tax bill as I thought the bill would be higher than the previous one,  what a difference a year makesWhistles [Www].

However, if you cannot change the monthly amount, and the total you owe is less than you have paid you will get a credit to your bank as soon as the tax advices come out.


Why not post a sensible answer, people will appreciate it more

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