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Self employed Tax Q

-1-
-1- Posts: 1,289 Forumite
1,000 Posts Combo Breaker
I've just paid my tax for last year and half for next year (other half in july?).

I was wondering do I need to request a credit if next years tax due is less than what I pay on account for next year or do IR automatically alter it when I input the in's and out's for next year ?.
:wave: Smile, you only get one life, LIVE IT.

Comments

  • Hoddie_2
    Hoddie_2 Posts: 622 Forumite
    You wouldn't need to put the 'payment on account' on the tax return anywhere, HMRC will automatically adjust your bill. Only if you calculate your own tax will you need to deduct them from your calculations.
    Quidco savings: £499.49 tracked, £494.35 paid.
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