correcting employment allowance from previous years
Posted: 21 Jan 2021, 11:13
Hi, hoping someone can help.
I did not claim for employment allowance in 17/18 and 18/19 (oversight!). I have now claimed for both years and received a credit in November 20 on my HMRC paye account for £436.49.
When paying my paye/nic due for Nov 20, i reduced the amount owed of £620.48 by the £436.49 credit on my account and paid £183.99. It now looks on my nominal account as if I still owe the £439.49. How do I clear this as the credit is from previous accounting years?
I thought a journal debit to the paye/nic account and a journal credit to mispostings?
Thanks in advance for any help.
I did not claim for employment allowance in 17/18 and 18/19 (oversight!). I have now claimed for both years and received a credit in November 20 on my HMRC paye account for £436.49.
When paying my paye/nic due for Nov 20, i reduced the amount owed of £620.48 by the £436.49 credit on my account and paid £183.99. It now looks on my nominal account as if I still owe the £439.49. How do I clear this as the credit is from previous accounting years?
I thought a journal debit to the paye/nic account and a journal credit to mispostings?
Thanks in advance for any help.