Payments on Account amount paid - not deducted from latest self-assessment amount requested by HMRC?
Posted: January 9th, 2022, 11:32 pm
I have done my online self-assessment for thetax year 2020-2021. The sum HMRC are asking me to pay on the final screen, which shows the amount I have to pay, does not deduct the two Payments on Account sums for 2020-21 I paid in advance, in January and July 2021.
I would have thought that in this day and age HMRC's calculation of the sum due would have deducted Payments on Account amounts paid?
Therefore, do I need to manually calculate the amount I have to pay HMRC for 2020-21 (and the next Payment on Account) after deducting the 2020-21 Payments on Account amounts already paid?
Do I need to notify HMRC somehow (how?) or will their calculators automatically calculate the Payments on Account amounts paid? I don't wish to suffer any issues because they think I have underpaid!
I've searched extensively online, but, strangely, there is only one reference anywhere to the above.
Thank you for your advice.
I would have thought that in this day and age HMRC's calculation of the sum due would have deducted Payments on Account amounts paid?
Therefore, do I need to manually calculate the amount I have to pay HMRC for 2020-21 (and the next Payment on Account) after deducting the 2020-21 Payments on Account amounts already paid?
Do I need to notify HMRC somehow (how?) or will their calculators automatically calculate the Payments on Account amounts paid? I don't wish to suffer any issues because they think I have underpaid!
I've searched extensively online, but, strangely, there is only one reference anywhere to the above.
Thank you for your advice.