oh dear tax due and i forgot....

crunchtime

i seem to remember ticking the box for having the amount included in my future PAYE so perhaps they missed that? Ill call them and ask - Ill also ask to speak to the time to pay team - thats really helpful advice thanks.

None of it is POA.

Possetjohn

no i haven't been making any - interestingly i didn't know you could!

Interestingly I didn't know there was any choice!:rotfl: (unfortunately)

Kidney is a bit drastic!!!:eek:

Surely if you made a self assessment for 2009-10 you must have made at least one payment on account in January 2011? If so this should have just about covered SE earnings up to June 2011? Unless you had a dramatic upturn in profits?


Note you are either self employed or not self employed!! Negligible income is not relevant!! You can be self employed and employed at the same time!! And you need to declare both the SE and employed income and the PAYE tax deducted in your employment

crunchtime

thanks - the 09/10 return ended up with them owing me money so there was no poa
the 10/11 is the one that i owe the £770 for

its not time to do the 11/12 one yet is it?

I didn't know there was a choice about how to pay - i though you did your return and then it was up to you to save the money to pay by the deadline (which is where i fell down because i forgot to save anything durrrrrrr) - but now i know differently then i shall get properly to grips with this and do something differently from now on.

jennifernil

If the balancing payment is less than £1000, I don't think they require POAs.

Also if 80% of total tax due is paid by PAYE, POAs are not required.

You don't have much choice, you have to pay when they say. But you can set up voluntary DDs to pay monthly or weekly towards your future tax liabilities.

Hollysan

I'd just like to add that if HMRC ask for POAs you need a good reason not to pay them - like a reduction in turnover or ceasing trade, as with the op. If you reduce them and your liability for the year is more than the sum paid you will still owe the tax
AND interest on the liability from the date it was due - 31 Jan for the first payment on account and 31 July for the second.

Hollysan