Self Assessment Question 14-15

j118

Thanks in advance for any help with my tax query.

Why does my previous contributions to my 14-15 tax year not appear on my self assessment online return?

I have made 2 contributions based on 13-14 figures and this does not feature on the final calculations made for my current return.

Will I have to pay the final amount in the calculations or will it be taken off? Going to have to liquidate some assets if its the former:(

Innys1

I assume you are referring to your payments on account for 2013/14.

I'm also assuming you haven't formally submitted your SA return for that period.

Until you do, the payments on account will not be credited to your annual tax liability - you just have to remember what you paid.

Once you submit the return, electronically, if you go into your tax account a couple of days later, the payments on account will have been deducted from your 2013/14 liability leaving what's still owed by you.

[Deleted User]

Innys1 wrote: »

I assume you are referring to your payments on account for 2013/14.

I'm also assuming you haven't formally submitted your SA return for that period.

Until you do, the payments on account will not be credited to your annual tax liability - you just have to remember what you paid.

Once you submit the return, electronically, if you go into your tax account a couple of days later, the payments on account will have been deducted from your 2013/14 liability leaving what's still owed by you.

Sorry -that reply is somewhat confusing.

The op is talking about his 14/15 return and has stated that he has made payments on account FOR THAT YEAR based on his 2013/14 liability.

Your last paragraph is correct if one replaces 2013/14 with 2014/15.

Innys1

[Deleted User] wrote:

Sorry -that reply is somewhat confusing.

The op is talking about his 14/15 return and has stated that he has made payments on account FOR THAT YEAR based on his 2013/14 liability.

Your last paragraph is correct if one replaces 2013/14 with 2014/15.

Thank you for pointing this out. Yes, you are right.