PSA1190 - Overview of PAYE Settlement Agreements

Overpayment of PSA Charges

In the event of an employer making an overpayment of tax and /or Class 1B NICs the overpayment must be repaid to the employer, follow PSA2110.

Under Regulation 116 where tax and/or Class 1B NICs is repaid to an employer after 19 October 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.