To date I have paid 175/week in CM as recorded in a consent order. This figure was based on historical PAYE earnings as my Ltd Company had only recently been formed and accounts were not available. Earnings received from Ltd Company are less than historical PAYE. Based on information provided by HMRC, CMS have assessed that CM should have been 120/week. Therefore there is an overpayment of 55/week to be recovered so payment for next year should be 65/week.
I am not bothered about recovering any overpayments as that seems a bit mean, but wish to pay the figure of 120/week. Ex has objected to the CMS figure and indicated that court action will happen. Is this possible? Do courts have power to overturn the CMS decision that was based on Self Assessment Tax Returns submitted to HMRC?
I have read about CMS sometimes overlooking all types of income on HMRC Tax Return such as unearned income from dividends, rental income, interest on savings, but that did not happen in my case as HMRC Tax Return included all sources of income and the CMS figure of 120/week looks to be spot on when CM rates are applied to my total income from all sources