Overview of PAYE Settlement Agreements
In the event of an employer making an overpayment of tax and /or Class 1B NICs theoverpayment must be repaid to the employer, follow PSA2110.
Under Regulation 116 where tax and/or Class 1B NICs is repaid to an employer after 19October following the year to which the PSA applies, interest will be paid from
- 19 October, or if paid later
- the date the amount was paid
until the date the repayment is made.