- Wed Aug 16, 2006 5:55 pm
Defintiely looks like an error at IR or your employer.
Write to IR and raise a query with them saying you thought your NT would stop at the end of 2005/6.
I'd recommend this because I'm aware of it happening to someone else and when they discovered their error they sought to claw back all the unpaid tax in that years tax code so suddenly their take home wages dropped like a stone.
Being up front gives you some better chance of them sliding it over into next year ... hopefully gets it dealt with earlier so less to pay back (I'd be putting the money aside now anyway - to cover you if they do start taking it back
Remember, posts here are just the informed views of people with similar experiences to your own or with some basic understanding of the issues.
If it's important, then there's no substitute - seek professional advice!