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PAYE Tax Refunds
Updated Dec 2025

Revenue Balancing Statement Explained: Understanding Your Tax 2025

What is a P21 / Statement of Liability? Learn how to read your Revenue balancing statement.

8 December 2025
1 min read

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A balancing statement (formerly P21) shows your total income, tax paid, and any refund or balance due. It's the document that confirms how much tax you actually owe.

📄 Balancing Statement

  • Shows: All income and tax paid
  • Confirms: Refund due or balance owed
  • Period: One tax year
  • Request via: myAccount or tax agent

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