Hmrc refund. Is this ok?

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    #1

    Hmrc refund. Is this ok?

    I submitted my first ever tax return and got a small refund. I did not expect to have to pay much tax as I did not get much income that year.
    However I thought rather than a refund It would just be recorded as a loss to be passed on to the next year. Thanks
    Happy New Year!
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    #2
    Depends if you tick a box to say 'pay me' or 'keep it towards next year'.

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